Valero Renewable Fuels Company LLC, a wholly owned subsidiary of San Antonio-based Valero Energy Corporation has closed on the purchase of an ethanol plant from Renew Energy. The plant, located near Jefferson, Wis., has an annual production capacity of 110 million gallons. Valero paid $72 million for the plant. The purchase gives Valero Renewables a…
Valero Reports Fourth Quarter, Annual Results
Valero Energy Corporation has reported a fourth quarter loss from continuing operations of $182 million, or $0.32 per share, excluding special items, of $155 million, or $0.28 per share. This compared to a fourth quarter 2008 loss from continuing operations of $3.2 billion, or $6.22 per share, excluding special items, of $795 million, or $1.53…
Bill Bradford to Retire From Valero
Valero Energy Corporation has announced that director Bill Bradford, 75, has decided to retire from the company’s Board of Directors. “Bill has provided 17 years of outstanding service to Valero and its predecessor companies,” said Valero Chairman and CEO Bill Klesse. “The company has benefited greatly from his experience and counsel. We owe Bill our…