ESG Report - Report - Page 15
STRATEGY
LOW-CARBON
ENVIRONMENT
SAFETY
COMMUNITY
PEOPLE
GOVERNANCE
Domestic Low-Carbon Fuels are Reducing Emissions RIGHT NOW
Accessible
• Unlike EVs, low-carbon fuels do not require a
high up-front cost to replace current vehicles,
which have a longer vehicle life.
No Costly Charging Infrastructure is
Needed
We agree with more than 68% of U.S. adults who
believe we should use a mix of fuels.13
Instead of mandating future electrification and
eliminating consumer choice, we should look at
domestic solutions that are here today and take
advantage of low-carbon options that use our
current infrastructure, like our low-carbon liquid
transportation fuels.
• Renewable diesel is a drop-in fuel, 100%
compatible with existing infrastructure and
diesel engines, from light- to heavy-duty long-haul vehicles.
• Renewable diesel, ethanol and sustainable aviation fuels are already reducing transportation GHG
emissions.
Renewable and Ready
,
We are working on a
brighter future than just EVs
At Valero, we are investing in
the development of alternatives
to reduce GHG emissions, from
sustainable aviation fuels to lowcarbon hydrogen and a tailpipe
CO2 onboard capture system.
Light-Duty Vehicle Emits Fewer Emissions
than an Electric Vehicle16
• Valero’s renewable diesel is typically made from
waste materials and ethanol plants are located
near abundant renewable feedstock material.
• Unlike most EV battery components, our lowcarbon fuels are manufactured close to home in
jurisdictions with strict environmental, labor and
governance regulations.
• Valero has some of the lowest operating costs in the
industry and the company has the ability to export
to help the world meet goals to reduce carbon.
Diesel Engine with Renewable Diesel
Outperforms Battery Electric Vehicle16
2022 Southwest Research Institute Study
2022 Southwest Research Institute Study
(U.S. light-duty vehicle life cycle emissions)
(U.S. heavy-duty long-haul vehicle life cycle emissions)
Tons CO2
g CO 2 / mi l e
30 0
"Zero emissions"
vehicles are not zero emissions
1,600
1,400
250
1 , 20 0
200
1,000
60% fewer emissions
than an EV after 1,000,000
miles traveled
800
15 0
600
10 0
400
50
20 0
0
0
Battery Electric
Vehicle
Electricity/
Fuel Emissions
Diesel Engine with
Renewable Diesel
(waste oil based)
Embedded
Emissions
Embedded Emissions
(zero miles traveled)
500,000 Miles
Traveled
Battery Electric
Vehicle
1,000,000 Miles
Traveled
Diesel Engine with
Renewable Diesel
ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT •
15
