by Janet McGurty (S&P Global Platts) Ethanol carbon sequestration will lower CI; DGD renewable diesel expansion online end 2021; Renewable diesel sales expected to grow Valero sees growing demand for low-carbon fuels and will continue to seek out projects which reduce carbon intensity while delivering financial returns to their shareholders, CEO Joe Gorder said on the company’s April 22 first quarter results call.
“We have a clear recognition here that low-carbon fuels are going to be in much greater demand going forward,” he said.
“The interesting thing here from our perspective is that we’ve been able to come up with low-carbon fuel projects and projects that have enabled us to reduce the carbon intensity of some of our other fuels that have significant returns also,” he added.
Valero plans refineries to run up to 89% of combined capacity in Q2 2021
4/23/2021
Valero Energy Corp, the second largest U.S. crude oil refiner, plans to operate its 14 refineries up to 89% of their combined total throughput capacity of 3.15 million barrels per day (bpd) during the second quarter of 2021, a company executive said.
Valero’s U.S. Gulf Coast refineries are planned to operate up 92% of their combined total throughput of 1.86 million bpd, said Homer Bhullar, vice president of investor relations, during a Thursday conference call to discuss first quarter earnings with Wall Street analysts.
The company’s Mid-Continent refineries in Tennessee and Oklahoma were forecast to produce up to 93% of their combined total capacity of 485,000 bpd while refineries in Quebec and Wales supplying North Atlantic markets will run up to 71% of their 505,000-bpd capacity, Bhullar said.
Biodiesel Magazine - The Latest News and Data About Biodiesel Production biodieselmagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biodieselmagazine.com Daily Mail and Mail on Sunday newspapers.
U.S. refiner Valero Energy Corp's top boss said on Thursday he expected fuel consumption to benefit from pent-up demand for travel in the summer, shrugging off a larger quarterly loss wrought by a winter storm that hit its Texas operations.
Oil Prices Close Higher on Positive Demand Signs rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.