ESG Report - 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
Refining, Renewable Diesel and Ethanol segments.
REFINING
RENEWABLE DIESEL
ETHANOL
World’s largest independent
refiner
World’s 2nd largest renewable
diesel producer
World’s 2nd largest
corn ethanol producer
• 15 petroleum refineries in the
U.S., Canada and the U.K., with
3.2 million barrels per day (bpd)
of high-complexity throughput
capacity.
• Renewable diesel plants adjacent
to the the Valero St. Charles and
Port Arthur Refineries.
• Lowest-cost producer of gasoline,
diesel, jet fuel and other
specialty products, including
petrochemicals and asphalt.
• Executing a viable and Boardapproved path to reduce and
displace refinery Scope 1 and 2
greenhouse gas (GHG) emissions
by 100% by 2035.
• Developing large-scale SAF
project, expected in 2025.
• 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
petroleum diesel.1
• 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 distillers grains.
• High-octane, low-carbon fuel
offering at least 30% reduction
in life cycle GHG emissions,
compared with petroleum
gasoline.1
• Developing carbon capture
and storage (CCS) 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 culture
that supports diversity
and inclusion, and
we 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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