Valero 2014 Annual Report Download - page 13

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2014 Summary Annual Report
Through its Valero Renewables subsidiary,
Valero was the rst traditional petroleum rener
to enter large-scale ethanol production and has
11 state-of-the-art plants, with total production
capacity of 1.3 billion gallons per year – making
Valero one of the largest ethanol producers in
the U.S. Under Sunray Wind, Valero operates
a 50-megawatt wind farm that produces
electricity for its McKee renery and a local
utility.
A Valero subsidiary is a joint-venture partner
with Darling Ingredients Inc. in Diamond Green
Diesel, a 9,300 barrel-per-day renewable diesel
plant next to the Valero St. Charles Renery
in Norco, La., processing used cooking oil,
recycled animal fat and corn oil into “green”
diesel fuel.
Safety is Valero’s highest priority, with
committed eorts in both occupational and
process safety. Valero also demonstrates its
commitment to all of its communities through
a variety of philanthropic eorts, volunteer
activities and educational support programs.
Valero is committed to its employees, providing
a safe work environment, competitive pay
and benets and opportunities for career
advancement. Valero consistently has been
recognized as one of the world’s most-admired
reners and marketers, and one of the best
places to work.
Valero strives every day for excellence. From
performing at the highest levels across its
rening, marketing and logistics systems to
taking a leadership role in communities through
company support and volunteerism, Valero truly
is world-class.
Since its founding in 1980, Valero has grown to
be one of the world’s leading reners, marketers
and corporate citizens.
As a Fortune 10 company based in San
Antonio, Texas, USA, Valero is an international
manufacturer and marketer of transportation
fuels, petrochemical products and power.
It is the world’s largest independent petroleum
rener, with assets that include 15 reneries
with a combined throughput capacity of 2.9
million barrels per day, and a vast network of
pipelines and terminals.
The reneries are geographically diverse, with
locations along the United States Gulf and West
coasts, and in the Mid-Continent, as well as in
Canada and the United Kingdom. Our exibility
allows us to react quickly to shifts and regional
dierences in the marketplace. For example, our
Gulf Coast reneries are located in a key U.S.
rening region, with large, complex plants that
can readily serve export markets.
Valero owns and operates some of the most
complex reneries in the industry, eciently
processing lower-cost crude oil and other
feedstocks into high-value fuels, including
diesel, gasoline, jet fuel and specialty products
such as asphalt, propane and natural gas
liquids.
Valero additionally owns the general partner of
Valero Energy Partners LP (“VLP”), a publicly
traded midstream master limited partnership.
Valero also is a major fuel wholesaler, with
about 7,400 branded wholesale outlets under
the Valero, Diamond Shamrock, Shamrock and
Beacon brands in the U.S. and the Caribbean;
Ultramar in Canada; and Texaco in the U.K. and
Ireland.
A Look at Our Company