Valero is managing its business to responsibly meet the world’s growing demand for reliable and affordable energy. It is investing in innovative low-carbon technologies, while at the same time prioritizing safety, environmental stewardship and community engagement that are foundational to its success.
Valero was one of the United States’ largest retail operators with approximately 6,800 retail and branded wholesale outlets in the United States, Canada, United Kingdom, and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Beacon, and Texaco brands.
The company’s milestones:
1980 – Valero Energy Corporation is born as the corporate successor of Lo-Vaca Gathering Company, a natural gas pipeline subsidiary of Houston-based Coastal Corporation. At the time, this represents the largest corporate spinoff in U.S. history.
1984 – Valero officially commissions its first full-scale refinery in Corpus Christi, Texas (later named the Corpus Christi Refineries West Plant). As the last grassroots refinery built in the U.S., Valero’s Corpus Christi investment is labeled the “Refinery of the Future.” To this day, it is one of the most complex, technologically advanced refineries in the world.
1997 – 1998 – Valero agrees to merge its natural gas-related service business with PG&E Corporation and spin off its refining assets into a new public corporation still known today as Valero Energy Corporation.
2000 – Valero purchases Exxon’s Benicia Refinery in Northern California, and enters the West Coast refining market. The deal elevates Valero to one of the top five asphalt producers in the nation.
2003 – 2004 – Valero purchases its St. Charles Refinery from Orion Refining Corporation in South Louisiana, expanding Valero’s Gulf Coast reach and creating one of the most dramatic industrial turnarounds in company history.
2005 – In a milestone year of growth, Valero becomes North America’s largest and most geographically diverse refiner with the acquisition of Premcor Inc.
2009 – 2010 – Valero purchases seven ethanol plants from VeraSun Energy Corporation. With this purchase, a new alternative energy subsidiary is formed, called Valero Renewable Fuels Company LLC.
2011 – Valero enters the Western European refining market with the purchase of the Pembroke Refinery in Wales and related logistics assets and marketing business in the United Kingdom and Ireland.
2012 – In a joint venture called Diamond Green Diesel, Valero partners with Darling Ingredients Inc. to build a 10,000-barrel-per-day renewable diesel refinery near its St. Charles refinery to process recycled animal fat, used cooking oil and other feedstocks into renewable diesel fuel.
2013 – Valero forms Valero Energy Partners LP, a publicly traded master limited partnership, to own, operate, develop and acquire crude oil and refined products pipelines, terminals and other transportation and logistics assets serving Valero refineries.
2018 – A change to the logo, store canopy and facade was announced in April 2018. Known as “Vanguard”, with various hues of blue, white, and yellow, Valero explained that applying the new design to all its stores would take several months to complete.
Today – Valero has 15 refineries in the U.S., Canada and the U.K. Valero a leading renewable fuels producer. Diamond Green Diesel annually produces 700 million gallons of renewable diesel, and Valero now has 12 ethanol plants with an annual capacity of 1.6 billion gallons.
Valero supplies approximately 7,000 independently owned fuel outlets carrying its family of brands in the U.S., Canada, the U.K., Ireland and Mexico, as well as rack and bulk markets in those countries and Peru.
According to en.wikipedia; valero.com. Source of photo: internet
