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Valero is ranked No. 31 on the Fortune 500 rankings of the largest United States corporations by total revenue as of 2018. [33] For 2023, the company reported earnings of US$9.149 billion, with an annual revenue of US$144.766 billion. Valero Energy's shares traded at $130 per share, and its market capitalization was valued at over US$44 billion ...
The Marathon Martinez Renewable Fuels Facility is located in the San Francisco Bay Area in an unincorporated area known as Avon, East of Martinez, California. It refines biobased feedstocks such as animal fat, soybean oil and corn oil into renewable diesel. Previously owned by Tidewater Petroleum, Tosco, Valero Energy, Tesoro and Marathon ...
The merger of UDS and Valero would encompass a convenience store network of more than 5,000 stores and twelve refineries. [3] In July 2005, Valero Energy announced that it would be phasing out the Diamond Shamrock brand and convert its remaining 2,900 locations to the Valero name.
California fleets used over 200 million US gallons (760,000 m 3) of renewable diesel in 2017. The California Air Resources Board predicts that over 2 billion US gallons (7,600,000 m 3) of fuel will be consumed in the state under its Low Carbon Fuel Standard requirements in the next ten years. Fleets operating on Renewable Diesel from various ...
HollyFrontier Cheyenne Refining, LLC v. Renewable Fuels Association, 594 U.S. ___ (2021), was a United States Supreme Court case dealing with exemptions from blending requirements for small refineries set by the Renewable Fuel Standard program.
Wesco was founded in 1952 by Bud Westgate. In the 1980s and 1990s, the company expanded by acquiring Rengo Oil (15 stores) and Weaver Oil (19 stores). Wesco now owns and operates a bulk fuel and propane business under the name Wesco Energy, along with six Subway locations and six Wesco Deli locations. [2]
However, obstacles to widespread use of E85 fuel remain. A 2014 analysis by the Renewable Fuels Association found that oil companies prevent or discourage affiliated retailers from selling E85 through rigid franchise and branding agreements, restrictive supply contracts, and other tactics.
Amyris Fuels, LLC, is a wholly owned subsidiary of Amyris, a business unit formed to develop a network for supplying and distributing renewable fuels. [1] The company sources current biofuels , such as ethanol , from international producers and brings them to market.