2024 ESG Report FINAL - Report - Page 4
About Valero
Our Business
We are a Fortune 500 company and a multinational manufacturer and marketer of petroleum-based and lowcarbon liquid transportation fuels and petrochemical products, and we sell our products primarily in the United
States (U.S.), Canada, the United Kingdom (U.K.), Ireland and Latin America. We manage our operations through our
Re昀椀ning, Renewable Diesel and Ethanol segments.
REFINING
RENEWABLE DIESEL
ETHANOL
World’s largest independent
re昀椀ner
World’s 2nd largest renewable
diesel producer
World’s 2nd largest corn
ethanol producer
• 15 petroleum re昀椀neries in the
U.S., Canada and the U.K.,
with 3.2 million barrels per
day (bpd) of high-complexity
throughput capacity.
• Lowest-cost producer of
gasoline, diesel, jet fuel and
other specialty products,
including petrochemicals and
asphalt.
• Executing a viable path to
reduce and displace the
equivalent to 100% of the
tonnage from our re昀椀nery GHG
emissions (Scopes 1 and 2) by
2035 through Board-approved
projects.1
• Renewable diesel plants
adjacent to the Valero
St. Charles and Port Arthur
re昀椀neries.
• Developing large-scale SAF
project, expected by Q4 2024.
• Current annual production
capacity of 1.2 billion gallons of
renewable diesel and 50 million
gallons of renewable naphtha.
• Up to 80% reduction in life cycle
GHG emissions, compared with
traditional diesel. 2
• 100% compatible with existing
engines and infrastructure.
• 12 ethanol plants with annual
production capacity of 1.6
billion gallons of ethanol and
4.2 million tons of dry distillers
grains.
• High-octane, low-carbon fuel
offering at least 30% reduction
in life cycle GHG emissions,
compared with petroleum
gasoline. 2
• Developing carbon capture
and storage projects to further
reduce carbon intensity of
ethanol.
Guiding Principles
Safety
Environment
Community
Employees
Governance
Safety is our
foundation for
success.
We are committed
stewards of the
environment.
We will be a good
neighbor by sharing
our success with the
communities where
we live and work
through volunteerism,
charitable giving and
the economic support
of being a good
employer.
We consider our
employees a
competitive advantage
and our greatest
asset. We foster a
supportive culture
and provide a safe,
healthy and rewarding
work environment
with opportunities for
growth.
We view our
stakeholders as partners
to whom we seek to
deliver operational
excellence, disciplined
management of capital
and long-term value on
a foundation of strong
governance and ethical
standards.
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