Valero L.P.

News & Analysis

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• Sour Market: With No Buyer in Sight, Valero Closes Delaware Refinery

  BNET - 2009-11-20

  Valero Energy will permanently close its Delaware City refinery as shrinking margins and weak demand continue to punish the largest U.S. refiner. About 550 employees will lose their jobs as a result of the plant closure. "The decision to permanently close the Delaware City refinery was a very difficult...

  Tags: Refinery, Valero L.P., Asset Management, Financial Services, Operational Planning, Finance, Business Operations, Kirsten Korosec

• Waste-to-Fuels Startup Terrabon Hauls in Waste Management Investment

  BNET - 2009-08-26

  Terrabon has landed another investment partner -- this time, it's Waste Management-- in its pursuit of commercially viable green gasoline, a renewable fuel made from the organic waste found in your local landfill. BNET wrote about Houston, Texas-based Terrabon back in April, when Valero Energy, the largest U.S....

  Tags: Texas, Valero L.P., Terrabon, Biomass, AdVe, Investment, Finance, Kirsten Korosec

• Valero Energy Hunkers Down in Challenging Sour Crude Refining Market

  BNET - 2009-07-28

  Valero Energy may slow production and keep its Aruba refinery plant closed as it prepares to weather a storm of continued weakened global demand, narrowing diesel and jet fuel margins and lower sour crude discounts. The U.S. oil refiner's second-quarter earnings fell to a loss of $254 million,...

  Tags: Valero L.P., Mergers & Acquisitions, Corporate Law, Investment, Finance, Business Operations, Kirsten Korosec

• Energy Roundup: CO2 Giveaways Hit 69%, Baghdad's Oil Fee Decree, PetroAlgae's Investor Letter, and More

  BNET - 2009-05-15

  Climate bill compromises mean more carbon emissions allowances -- A large chunk of carbon emissions permits would be given away -- not sold as Obama wanted -- to utilities, natural-gas companies, the auto industry and refiners, under a plan released by the House Energy and Commerce Committee. In 2012, the...

  Tags: Tennessee, Carbon Dioxide, Baghdad, Valero L.P., Financial Accounting, Finance, Kirsten Korosec

• Ethanol Plants Idle, Workers Wait as VeraSun Buyout Drags Out

  BNET - 2009-04-16

  Several companies including U.S. oil refiner Valero Energy have swooped up ethanol plants from bankrupt-plagued VeraSun Energy. But employees at many of these plants are still worrying and waiting for the deals to close so they can get back to work. Valero has the highest profile deal --...

  Tags: Valero L.P., Plant, Worker, WestLB, Mergers & Acquisitions, Corporate Law, Investment, Finance, Business Operations, Kirsten Korosec

• Oil Refiner Valero Plows More Money into Renewables with Terrabon Investment

  BNET - 2009-04-10

  The ink has barely dried on Valero Energy's $477 million check for seven ethanol plants and a development site from bankrupt VeraSun and it's already investing more money into another renewable project. In this latest endeavor, Valero has become the lead investor in Terrabon, a company developing technology to convert trash from...

  Tags: Valero L.P., Terrabon, RFS, Investment, Finance, Kirsten Korosec