Valero Energy Company History Timeline

(161 Jobs)
1980

Valero Energy was founded on January 1, 1980 and is headquartered in San Antonio, TX.“

1983

1983: Acquisition of Spur stations and inauguration of the catalytic cracker at the Lévis Refinery

1986

1986: Acquisition of Gulf’s assets in Eastern Canada

1989

1989: Increase in refining capacity to 130,000 barrels (or 20.7 million litres) a day and addition of isomerization and desulphurization units

1990

1990: Acquisition of Texaco’s assets in the Atlantic provinces

1994

1994: Acquisition of Sergaz stations

1995

1995: Launch of the Corner Store network

1996

1996: Acquisition of Sunoco stations in Quebec and introduction of a new mode of transportation: the unit train

1997

1997: Production of jet fuel starts

2001

2001: The Lévis (Saint-Romuald) Refinery changes its name to the Jean Gaulin Lévis Refinery

2001: The company becomes a wholly owned subsidiary of Valero Energy Corporation , trading on the New York Stock Exchange under the symbol VLO.

2002

2002: Increase in refining capacity to more than 215,000 barrels (or 34 million litres) a day

2004

2004: Implementation of a gasoline desulphurization process to reduce sulphur content to 30 ppm

2005

That same year, Valero expands in Corpus Christi with the purchase of a second refinery (later named the Bill Greehey Refineries East Plant), and acquires two asphalt refineries on the West Coast. *Divested in 2005

2006

The deal also gives Valero a stake in a midstream logistics business, later named Valero LP, which was spun off in 2006 and renamed NuStar Energy LP.

2008

That same year, Valero acquires three new refineries from Basis Petroleum, two in Texas (Houston and Texas City) and one in Louisiana (Krotz Springs*), becoming the largest independent refining company on the Gulf Coast. *Divested in 2008

2008: Refining capacity exceeds more than 265,000 barrels (or 41.5 million litres) a day

2010

Valero becomes the second-largest independent refining company in the U.S with its purchase of Paulsboro Refinery* in New Jersey, its first transaction with a major oil company (Mobil). *Divested in 2010

2013

The deal elevates Valero to one of the top five asphalt producers in the nation, and marks the company’s entry into the retail*, branded wholesale and marketing sectors. *Retail business divested in 2013

2014

Valero Renewables grows to 10 ethanol plants with the purchase of three more sites (Bloomingburg, Ohio; Linden, Indiana; and Jefferson, Wisconsin), and one additional site in Mount Vernon, Indiana in 2014.

2016

Valero extends its international reach with the acquisition of El Paso Corporation’s Aruba Refinery* plus related marine, bunkering and marketing operations. *Divested in 2016

2021

Diamond Green Diesel annually produces 275 million gallons of renewable diesel, with plans to more than double low-carbon production by the end of 2021, and Valero now has 13 ethanol plants with an annual capacity of 1.73 billion gallons.

Founded
1980
Company Founded
Headquarters
San Antonio, TX
Company Headquarter

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