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Valero Updates Ethanol, Renewable Diesel Results (Ind. Report)
Valero Energy
Date: 2020-05-01
In its just released Q1 financial results report, San Antonio-headquartered Valero Energy Corp., the second-largest U.S. oil processor by capacity, noted that while operations are being impacted by the COVID-19 pandemic the demand for transportation fuels is beginning to rebound.

As per our 8 November, 2019 report, Valero has temporarily idled several of its ethanol plants. Ethanol production volumes for Q1 averaged 4.1 million gpd -- in line with production levels for Q1, 2019.

Valero's ethanol segment reported a $197 million operating loss for the first quarter of 2020, compared to $3 million in operating income for the same period of 2019. The decrease in operating income was primarily attributed to lower ethanol prices and higher corn prices, according to the report.

The report noted the impacts to its renewable diesel operations have not been as severe and progress is continuing on the Diamond pipeline expansion and the Diamond Green Diesel project, both of which are expected to be complete in 2021. Capacity at the Diamond Green Diesel facility is being expanded to 675 MMgy. Renewable diesel sales averaged 867,000 gpd during Q1 this year -- up 77,000 gpd when compared to the same period 2019. (Source: Valero, April, 2020) Contact: Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com

More Low-Carbon Energy News Renewable Biesel,  Valero Energy,  Ethanol,  


Valero Energy Halts 60 pct of Ethanol Production (Ind. Report)
Valero
Date: 2020-04-15
San Antonio-headquartere Valero Energy Corp., the second-largest U.S. oil processor by capacity, is reporting the temporary shutdown of 60 pct of its ethanol plant production capacity.

On 8 Nov., 2019, Valero stopped ethanol production at its corn ethanol facilities in Riga, Michigan and Bluffton, Indiana, due to "weak margins" and "market conditions". The plants will resume production "as soon as favorable economic conditions exit", according to the company's website. (Source: Valero, Website, 14 April, 2020) Contact: Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com

More Low-Carbon Energy News Valero Energy,  Ethanol,  


Global Sweet Sorghum Ethanol Market Report Offered (Ind. Report)
Sweet Sorghum
Date: 2020-03-16
Market Research Hub is offering Sweet Sorghum Ethanol Market Insights 2018-2025, an in-depth study of the current state of the global Sweet Sorghum Ethanol industry.

The report provides key statistics on the market status of the Sweet Sorghum Ethanol manufacturers and in-depth insights into the 2018-2025 global Sweet Sorghum Ethanol market. The report depicts the global total market of Sweet Sorghum Ethanol industry by geographic region, product type and key players -- Poet, Valero Energy Corporation, Green Plains Renewable Energy, Flint Hills Resources, Chemguide, Shrijee Group, Anchor Ethanol -- the company profile, product specifications, capacity, production value, and 2018-2025 market shares for each company.

Reports details HERE . Report purchase information HERE. (Source: Market Research Hub, 1Daily Science, 5 Mar., 2020) Contact: Market Research Hub, 800-998-4852, sales@marketresearchhub.com, www.marketresearchhub.com

More Low-Carbon Energy News Sweet Sorghum,  Ethanol ,  


Diamond Green Diesel Inks Distribution, Terminal Deal (Ind. Report)
Darling Ingredients ,Diamond Green Diesel
Date: 2020-02-28
In the Lone Star State, Irving-based Darling Ingredients Inc. is reporting its joint venture with Valero Energy Corporation -- Diamond Green Diesel (DGD) has entered into a long-term lease agreement allowing DGD use of the St. Rose IMTT Terminal as a logistics hub for DGD's expanding renewable diesel facility in Norco, LA.

Under the agreement, IMTT will construct two pipelines connecting the terminal with the DGD Norco, LA renewable diesel facility, as well as re-purpose approximately 790,000 barrels of storage capacity from petroleum storage to renewable diesel feedstock and finished product prior to the end of 2021 -- coinciding with the anticipated startup of DGD's current 400-million gpy expansion project. (Source: Darling Ingredients, PR, 25 Feb., 2020) Contact: Darling Ingedients, Melissa A. Gaither, VP IR , (972) 281-4478, mgaither@darlingii.com, www.darlingii.com;Diamond Green Diesel, sales@diamondgreendiesel.com, www.diamondgreendiesel.com; Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com

More Low-Carbon Energy News Darling Ingredients ,  Diamond Green Diesel,  


Valero, AFPM Seek "Point of Obligation" Clarification (Reg & Leg)
Valero Energy ,American Fuel and Petrochemical Manufacturers
Date: 2020-01-08
San Antonio-headquartered Valero Energy Corp., the second-largest U.S. oil processor by capacity, and the American Fuel and Petrochemical Manufacturers organization have filed a court petition asking the U.S. Supreme Court to determine whether the U.S. EPA is required to consider petitions to change the "point of obligation" under the Clean Air Act's Renewable Fuel Standard.

The petition notes: "The Clean Air Act's Renewable Fuel Standard (RFS) program requires EPA to undertake annual notice-and-comment rule making to determine a 'renewable fuel obligation' for the nation's transportation fuel supply. The first of three annual 'required elements' is to determine the point of obligation -- i.e., to ensure that the obligation shall be applicable to refineries, blenders, and importers, as appropriate. EPA admits that it initially placed the point of obligation on refineries and importers, but not blenders, for reasons of administrative convenience. EPA has repeatedly refused to re-examine that placement in annual rule making, and it denied petitions for rule making seeking reconsideration out-side the statutorily-mandated annual assessment."

The petition specifically questions: whether the requirement that EPA "shall" make a "calendar year" determination of the "appropriate" point of obligation requires EPA to consider in each annual rule whether the point of obligation remains appropriate.The petition also questions whether EPA can evade the annual duty by partitioning the point of obligation into a one-time collateral proceeding that ignores key evidence,relies primarily on the agency's own convenience, and claims more deference from a reviewing court than an annual rule would receive. (Source: AFPM Website, Valero Energy, Ethanol Producer, 6 May, 2019) Contact: American Fuel and Petrochemical Manufacturers, www.afpm.org; Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com

More Low-Carbon Energy News American Fuel and Petrochemical Manufacturers ,  RFS,  Point of Obligation,  Valero Energy ,  


Diamond Green Diesel Seeks Ren. Diesel Pathways Cert. (Ind. Report)
Diamond Green Diesel
Date: 2019-12-06
Diamond Green Diesel -- a JV formed between a subsidiary of Valero and Irving, Texas-based low-carbon feedstock supplier Darling Ingredients Inc. -- reports it has filed an application with the California Air Resources Board (CARB) seeking carbon intensity (CI) certification for the Low Carbon Fuel Standard (LCFS) of renewable diesel (RD) pathways from distillers corn oil; rendered animal fat; and used cooking oil (UCO) at the Diamond Green Diesel LLC facility in Norco, Louisiana.

The Norco plant uses the UOP Ecofining Process to produce renewable diesel. The process hydrogenates triglycerides and free fatty acid feedstocks which are then isomerized to create a high-quality hydrocarbon fuel (RD). In addition to RD, the process produces a liquid petroleum gas vapor stream (LPG vapor); a liquid petroleum liquid stream (naphtha LPG); and a purge gas stream. All of the co-product streams go to the adjacent Valero oil refinery to be separated into fuel gas, propane, and naphtha through a distillation process. For the purposes of the CI certification, displacement credit was given to the fuel gas used as fuel gas for hydrogen production at the Valero refinery.

Producing 275 million gpy of Honeywell Green Dieselâ„¢, Diamond Green Diesel is the largest commercial advanced biofuel facility in the US. (Source: Diamond Green Diesel,Green Car Congress, 5 Dec., 2019) Contact: Diamond Green Diesel, sales@diamondgreendiesel.com, www.diamondgreendiesel.com; Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com; Darling Ingedients, Melissa A. Gaither, VP IR , (972) 281-4478, mgaither@darlingii.com, www.darlingii.com; Honeywell UOP, Bryan Glover, VP Petrochemicals & Refining Technologies, www,uop.com

More Low-Carbon Energy News Diamond Green Diesel,  


Valero Shuts Down Two Corn Ethanol Plants (Ind. Report)
Valero Energy
Date: 2019-11-08
San Antonio-headquartere Valero Energy Corp., the second-largest U.S. oil processor by capacity, is reporting the temporary shutdown of its corn ethanol production facilities in Riga, Michigan and Bluffton, Indiana, due to "weak margins" and "market conditions". The plants will resume production "as soon as favorable economic conditions exit", according to the company's website. (Source: Valero Energy Corp., Bloomberg, 7 Nov., 2019) Contact: Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com

More Low-Carbon Energy News Valero Energy,  Ethanol,  


Diamond Green Diesel Plans $1.1Bn Expansion (Ind. Report)
Diamond Green Diesel
Date: 2019-10-02
Honeywell is reporting the Valero Energy and Darling Ingredients joint venture Diamond Green Diesel facility in Norco, Louisiana, will invest $1.1 billion to expand its annual production capacity of renewable diesel using Honeywell UOP's Ecofining™ process technology to meet growing demand for renewable fuels in North America and Europe.

Producing 275 million gpy of Honeywell Green Diesel™, Diamond Green Diesel is the largest commercial advanced biofuel facility in the US. The expansion, which will increase the facility's annual production by nearly 150 pct to 675 million gpy, will also produce about 60 million gpy of renewable naphtha when completed and operational in late 2021.

Diamond Green Diesel's product is a qualified Advanced Biofuel under the US EPA Renewable Fuel Standard (RFS). (Source: Honeywell, Hydrocarbon Engineering, Oct., 2019) Contact: Diamond Green Diesel, sales@diamondgreendiesel.com, www.diamondgreendiesel.com; Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com; Darling Ingedients, Melissa A. Gaither, VP IR , (972) 281-4478, mgaither@darlingii.com, www.darlingii.com; Honeywell UOP, Bryan Glover, VP Petrochemicals & Refining Technologies, www,uop.com

More Low-Carbon Energy News Honeywell UOP,  Diamond Green Diesel,  Renewable Diesel,  Valero,  Green Diesel,  Darling Ingedients,  


Renewable Diesel Plant Considered for Port Arthur, Tex. (Ind. Report)
Valero, Darling Ingredients
Date: 2019-09-11
In the Lone Star State, San Antonio-headquartered Valero Energy Corp. reports it and Darling Ingredients Inc. are looking at engineering and development costs for a possible new renewable-diesel plant to be constructed in Port Arthur, Texas. The proposed 400 million gpy renewable diesel would also produce 40 million gpy of renewable naphtha.

Diamond Green Diesel -- a JV formed between a subsidiary of Valero and Irving, Texas-based low-carbon feedstock supplier Darling Ingredients Inc.-- would own and operate the new plant, which would be the first renewable diesel facility in Texas, as a 50-50 joint venture between Valero and Darling. With the proposed Port Arthur plant, Diamond Green Diesel's renewable diesel production would rise to roughly 1.1 billion gpy.

Investors are expected to make a final decision on the project in 2021, at which time construction could get underway for commissioning and operation in 2024.(Source: Valero, PR, 9 Sept. 12News ABC, Beaumont, Texas, 10 Sept., 2019) Contact: Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com; Darling Ingedients, Melissa A. Gaither, VP IR , (972) 281-4478, mgaither@darlingii.com, www.darlingii.com; Diamond Green Diesel, sales@diamondgreendiesel.com, www.diamondgreendiesel.com

More Low-Carbon Energy News Diamond Green Diesel,  Renewable Diesel,  Valero,  Green Diesel,  Darling Ingedients,  


Green Plains Sells and Scuttling Ethanol Plants (Ind. Report, M&A)
Green Plains, Valero Renewable Fuels
Date: 2018-11-19
Following up on our Oct. 12th coverage, Omaha-headquartered ethanol producer Green Plains Inc. is confirming the closure of a previously announced sale of its ethanol plants in Lakota, Iowa; Bluffton, Indiana; and Riga, Michigan, to Valero Renewable Fuels Company LLC for a total $319 million, including net working capital and adjustments. The company is also shuttering its 60 million gpy ethanol plant in Hopewell, Virginia. (Source: Green Plains, 16 Nov., 2018) Contact: Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com; Green Plains, Jim Stark, VP-IR, (402) 884-8700, www.gpreinc.com

More Low-Carbon Energy News Valero Renewable Fuels,  Green Plains ,  Ethanol,  


Valero Expanding Diamond Green Diesel Plant Capacity (Ind. Report)
Valero Energy,Darling Ingredients
Date: 2018-11-07
San Antonio-headquartered Valero Energy Corp. reports its Board of Directors has approved a project to increase production capacity at its Diamond Green Diesel (DGD) plant in Norco, LA. to 675 million gpy of renewable diesel.

DGD is a JV formed between a subsidiary of Valero and Irving, Texas-based low-carbon feedstock supplier Darling Ingredients Inc.

With low carbon mandates in North America and Europe projected to continue driving strong demand and premium pricing for renewable diesel, this expansion adds a second, independent parallel plant adjacent to the existing facility and a renewable naphtha finishing facility, which provides incremental low carbon fuel standard credit generation capability. Valero expects the project to be completed in late 2021. (Source: Valero Energy Corp.,PR, 5 Nov., 2018) Contact: Darling Ingedients, Melissa A. Gaither, VP IR , (972) 281-4478, mgaither@darlingii.com, www.darlingii.com; Valero, Joe Gorder, Pres., John Locke, VP Investor Relations, (210) 345-3077, www.valero.com

More Low-Carbon Energy News Valero Energy,  Darling Ingredients ,  Green Diesel,  Renewable Diesel,  


Valero Renewable Fuels Snares Green Plains Ethanol Plants (M&A)
Valero Renewable Fuels, Green Plains, Ethanol
Date: 2018-10-12
In Omaha, Green Plains Inc. reports it will sell its ethanol production facilities in Lakota, Iowa, Bluffton, Ind., and Riga, Michigan to San Antonio-headquartered Valero Renewable Fuels Company LLC for $300 million in cash, plus $28 million of working capital also paid in cash.

The sale involves 280 million gallons of nameplate capacity -- roughly 20 pct of Green Plains' reported ethanol production capacity -- and is slated for closure prior to the year end. (Source: Green Plains Inc. , StreetInsider, Others, 10 Oct., 2018) Contact: Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com; Green Plains, Jim Stark, VP-IR, (402) 884-8700, www.gpreinc.com

More Low-Carbon Energy News Valero Renewable Fuels,  Green Plains,  Ethanol,  


Valero Snares Peruvian Biofuels Importer Pure Biofuels (M&A)
Valero Energy,Pure Biofuels
Date: 2018-05-16
San Antonio, Texas-based Valero Energy Corp. subsidiary Valero Renewable Fuels Company LLCT is reporting the acquisition of Lima, Peru-based fuel importer Pure Biofuels del Peru SAC (PBF) from private equity firm Pegasus Capital Advisors LP for an undisclosed sum. The acquisition includes refined products terminals and storage capacity in Callao, near Lima. The Callao facility has mooring and unloading systems with Panamax vessel capability.(Source: Valero, Renewables, 15 May, 2018) Contact: Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com; Pure Biofuels, +511 616 9292, www.pbf.com.pe

More Low-Carbon Energy News Valero Energy,  Pure Biofuels,  Ethanol,  


Biofuels Market Leading Manufacturers 2018 -- Report Available (Ind. Report)

Date: 2018-05-04
E Market Research is offering Biofuels Market Leading Manufacturers 2018 biofuels market report, an in-depth investigation on the competitive biofuels market.

Key players included in the global Biofuels market report are: China Agri-Industries Holdings, COFCO Biochemical (AnHui), Raizen, ADM, Tianguan Group, Cargill, POET, Big River Resources, Vivergo, The Andersons, BP, Pacific Ethanol, Flint Hills Resources, Green Plains, CropEnergies, Valero, Abengoa Bioenergy and Jilin Fuel Ethanol

The report analyzes the biofuels market by: type-- Biodiesel and Bioethanol; end users -- industrial fuels, transportation fuels and Chemical industry; regions; distributors; dealers; traders and manufacturers including contact information, production strategies, the scope of the Biofuels product, their capacity, worldwide productivity, and revenue generation.

Details and a PDF sample copy of this study HERE (Source: E Market Research, May, 2018) Contact: E Market Research, (857) 239-0696, nquiry@market.biz, http://emarketresearch.us/global-biofuels-market-2017-2022


Valero Cuts RFA as Cost Cutting Measure (Ind. Report)
Valero Energy Corp., Renewable Fuels Association
Date: 2018-01-24
In what it describes as a "cost cutting measure" occasioned by the EPA Renewable Fuel Standard (RFS) , San Antonio, Texas-based ethanol producer Valero Energy Corp., the the largest American oil refiner, has withdrawn from the Renewable Fuels Association, according to a Valero statement.

The company contends compliance with the RFS "point-of-obligation" was too costly. Under the RFS, Valero and other oil refiners are required to blend ethanol with gasoline or purchase credits to comply. In 2016, Valero spent $750 million on fuel credits. (Source: Renewable Fuels Association, Reuters, Valero, 22 Jan., 2018) Contact: Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com; RFA, Geoff Cooper, Snr. VP, (202) 289-3835, www.ethanolrfa.org; RFA, Bob Dinneen, Pres., CEO,(202) 289-3835, www.ethanolrfa.org

More Low-Carbon Energy News Valero Energy,  RFS,  Renewable Fuels Association,  


Iowa Applauds EPA Biofuels Blending Decision (Reg. & Leg.)
EPA
Date: 2017-11-27
The Des Moines Register reports the EPA's denial of Valero Energy and other refiner's call for changes to Renewable Fuel Standard (RFS) rules on who is responsible blending ethanol with gasoline is welcomed news in the Hawkeye State.

In its decision released Wednesday, EPA said "a change in the point of obligation would unnecessarily increase the complexity of the program and undermine the success of the RFS program."

Iowas Sen. Chuck Grassley (R) said "Keeping the point of obligation where it is now, with refiners and importers, has worked and makes sense. Moving the point of obligation from a handful of refiners to hundreds or thousands of small fuel retailers would undermine the integrity and viability of this successful program."

The EPA is slated to announce the volume requirements -- the amount of biofuels that must be blended with the nation's fuel supply -- by the end of the month. In July, EPA proposed volume requirements for cellulosic biofuel, advanced biofuel and total renewable fuel that are lower than 2017 requirements. (Source: EPA, The Des Moines Register, 24 Nov., 2017) Contact: Sen. Chuck Grassley, https://twitter.com/ChuckGrassley

More Low-Carbon Energy News Renewable Fuel Standard,  Biofuel Blend,  RFS EPA,  Point of Obligation,  


EPA Stymies RFS Point of Obligation Blending Change (Reg. & Leg.)
EPA, Valero
Date: 2017-11-27
Bloomberg is reporting that the Trump administration EPA has nixed a bid by Valero Energy Corp. and other refiners to alter the U.S. Renewable Fuels Standard (RFS) biofuel mandate on the grounds that it wouldn't "result in net overall benefits to the program." The Environmental Protection Agency denied petitions by Valero Energy Corp. and other refiners to alter the U.S. biofuel mandate because it does not believe the changes "would result in net overall benefits to the program," according to the agency's website.

The proposed changes were widely opposed by farm-state legislators and ethanol producers. The EPA's formal declaration satisfies EPA Administrator Scott Pruitt's pledge to retain the current structure of the RFS requiring refiners and importers to blend biofuels into petroleum transportation fuels.

Refiners are reportedly affected unevenly by the current mandate -- those without sufficient infrastructure to blend in biofuels themselves must instead buy credits to comply while other companies that blend transportation fuels, but do not own refineries and therefore are not required to satisfy annual biofuel quotas, can sell those tradable credits. (Source: EPA, Industry Week, Bloomberg, 23 Nov., 2017) Contact: Valero Energy, (800) 324-8464, www.valero.com; EPA Scott Pruitt, www.facebook.com/EPAScottPruitt; www.epa.gov/aboutepa/about-office-administrator

More Low-Carbon Energy News RFS,  EPA,  Scott Pruitt,  Valero,  Point of Obligation,  


Diamond Green Diesel Considers Production Increase (Ind. Report)
Darling Ingredients,Valero
Date: 2017-11-10
Following on our 22nd April, 2016 coverage, Diamond Green Diesel -- a joint venture between Darling Ingredients Inc and San Antonio-headquartered petroleum and ethanol producer Valero Energy -- report plans to initiate an engineering and construction cost analysis of growing production at the Diamond Green Diesel (DGD) facility in Norco, Louisiana to 550 million gpy.

The facility's renewable diesel production capacity is currently being increased from 160 million gpy to 275 million gpy, as of Q2, 2018. If completed, the new capacity would be available early in 2021.

Darling Ingredients recovers and converts used cooking oil and commercial bakery residuals into valuable feed and fuel ingredients. (Source: Darling Ingedients, PR, MarketInsider, 7 Nov., 2017). Contact: Darling Ingredients, (972) 717-0300, http://ir.darlingii.com; Valero Energy, (800) 324-8464, www.valero.com; Diamond Green Diesel, sales@diamondgreendiesel.com, www.diamondgreendiesel.com

More Low-Carbon Energy News Darling Ingredients,  Valero,  Biodiesel,  Renewable Diesel,  Green Diesel,  


Valero Reports Falling Earnings for 2017 (Ind. Report)
Valero
Date: 2017-08-02
San Antonio, Texas-based Valero Energy Corp. subsidiary Valero Renewable Fuels Company LLC, is reporting that its adjusted operating income for its ethanol segment was $31 million in Q2 of this year -- down from $49 million in the corresponding period of 2016. The company's ethanol production averages 3.8 million gpd. High energy costs and competition is being cited for the decline. (Source: Valero, Ethanol Prod., Other Media, 31 July, 2017) Contact: Valero Renewable Fuels, Joe Gorder, Pres., (800) 324-8464, www.valero.com

More Low-Carbon Energy News Valero,  Biofuel,  Ethanol,  

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