Valero 2015 Annual Report Download - page 12
Download and view the complete annual report
Please find page 12 of the 2015 Valero annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2 -
3 -
4 -
5 -
6 -
7 -
8 -
9 -
10 -
11 -
12 -
13 -
14 -
15 -
16 -
17 -
18 -
19 -
20 -
21 -
22 -
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
 |
 |
Table of Contents
We sell a variety of other products produced at our refineries, which we refer to collectively as “Specialty Products.” Our Specialty
Products include asphalt, lube oils, natural gas liquids (NGLs), petroleum coke, petrochemicals, and sulfur.
•We produce asphalt at five of our refineries. Our asphalt products are sold for use in road construction, road repair, and
roofing applications through a network of refinery and terminal loading racks.
•We produce naphthenic oils at one of our refineries suitable for a wide variety of lubricant and process applications.
•NGLs produced at our refineries include butane, isobutane, and propane. These products can be used for gasoline blending,
home heating, and petrochemical plant feedstocks.
•We are a significant producer of petroleum coke, supplying primarily power generation customers and cement
manufacturers. Petroleum coke is used largely as a substitute for coal.
•We produce and market a number of commodity petrochemicals including aromatics (benzene, toluene, and xylene) and
two grades of propylene. Aromatics and propylenes are sold to customers in the chemical industry for further processing
into such products as paints, plastics, and adhesives.
•We are a large producer of sulfur with sales primarily to customers serving the agricultural sector. Sulfur is used in
manufacturing fertilizer.
Logistics and Transportation
We own several transportation and logistics assets (crude oil pipelines, refined product pipelines, terminals, tanks, marine docks, truck
rack bays, rail cars, and rail facilities) that support our refining and ethanol operations. In addition, through subsidiaries, we own the
2.0 percent general partner interest in Valero Energy Partners LP (VLP) and a 65.7 percent limited partner interest in VLP. VLP is a
midstream master limited partnership. Its common units, representing limited partner interests, are traded on the NYSE under the
symbol “VLP.” Its assets support the operations of our Ardmore, Corpus Christi, Houston, McKee, Memphis, Port Arthur, St. Charles,
and Three Rivers Refineries. VLP is discussed more fully in Note 4 of Notes to Consolidated Financial Statements.
9