Valero L.P.

News & Analysis

valero l.p. - All News and Analysis

• 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

• Valero CEO: Climate Bill Threatens U.S. National Security

  BNET - 2009-10-28

  Valero CEO Bill Klesse lays out the case against climate change legislation, arguing that it will threaten U.S. national security by killing off the domestic refining industry and giving foreign companies a competitive advantage. by Kirsten Korosec

  Tags: Security, Climate Change, Valero L.P., Kirsten Korosec

• Qteros, Applied CleanTech to Harness Power of Poo to Make Ethanol

  BNET - 2009-10-07

  Qteros and Applied CleanTech are giving new life to municipal wastewater solids -- a cleaned up term for what most of us call poo -- by turning it into fuel for cars. Yes, poo-powered cars may be in our future. That future may still be a ways...

  Tags: Biofuel, Massachusetts, Valero L.P., Clean Technology, Qteros, Recyllose, Lignin, Biomass, Enzymes, Kirsten Korosec

• Qteros teams with Israel's ACT on sludge-to-fuel process

  BNET - 2009-10-07

  Amherst, Mass.-based startup Qteros announced details today of a new partnership that is expected to broaden its range of potential feedstocks and reduce production costs for cellulosic ethanol. Qteros and Israeli commodities recycler Applied CleanTech ACT entered a joint development project that the companies claim is the first to demonstrate the commercial viability...

  Tags: technology, Valero L.P.

• Valero to Shutter Some Refinery Operations, Cut Hundreds of Jobs

  BNET - 2009-09-08

  Valero Energy has continued its let's-hunker-down-til-the-smoke-clears cost-cutting strategy with plans to cut back operations at a Delaware facility and extend its Aruba refinery shutdown. The reduced operations will mean at least 250 workers -- both contract and Valero employees -- will lose their jobs at the Delaware facility. More than...

  Tags: Job, Valero L.P., Valero Energy, Aruba, Telecom & Utilities, 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

• Valero Energy Corporation Q2 2009 Earnings Call Transcript

  Seeking Alpha - 2009-07-28

  Question-and-Answer SessionOperator Operator instructions. Your first question comes from the line of Jeff Dietert with Simmons. Jeff Dietert – Simmons Good morning. Jeff Dietert with Simmons. Ashley Smith Good morning. Jeff Dietert – Simmons In your press release, you talked about considering monitoring refineries for potential run cuts and...

  Tags: Call Transcript, Refinery, Valero L.P., Earnings, Workforce Management, Human Resources, Seeking Alpha, Valero Energy Corp.

• Energy Roundup: Google's Plug-In Vehicle Software, Valero Loses Refinery Bid, Cash-for-Clunkers a 'Go', and More

  BNET - 2009-06-19

  Google developing smart-charging software for plug-in vehicles -- Google is developing software that will better manage how plug-in electric cars are charged in an effort to smooth out demand for electricity and keep excessive loads off the power grid. There's a concern that as more plug-in electric vehicles hit the road, drivers will charge during peak hours...

  Tags: Software, Google Inc., Car, Refinery, Valero L.P., Unica, Plug-in, Natural Gas, Telecom & Utilities, 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