Valero Renewable Fuels
Valero Energy Corporation, through its subsidiaries, is an international manufacturer and marketer of transportation fuels and other petrochemical products. Valero, a Fortune 50 company based in San Antonio, Texas, with approximately 10,000 employees, is an independent petroleum refiner and ethanol producer, and its assets include 15 petroleum refineries with a combined throughput capacity of approximately 3.1 million barrels per day and 11 ethanol plants with a combined production capacity of approximately 1.45 billion gallons per year. The petroleum refineries are located in the United States, Canada and the United Kingdom, and the ethanol plants are in the Mid-Continent region of the U.S. In addition, Valero owns the 2 percent general partner interest and a majority limited partner interest in Valero Energy Partners LP, a midstream master limited partnership. Valero sells its products in both the wholesale rack and bulk markets, and approximately 7,400 outlets carry Valero's brand names in the U.S., Canada, the U.K. and Ireland.
Valero's ethanol segment includes its ethanol operations, associated marketing activities and logistics assets that support its ethanol operations. Through subsidiaries, Valero owns 11 ethanol plants in the Mid-Continent region of the United States with a combined production capacity of approximately 1.4 billion gallons per year.
Valero sells its ethanol primarily to refiners and gasoline blenders under term and spot contracts in the wholesale bulk markets.