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Valero operates this segment through Diamond Green Diesel (DGD), which has two plants in the Gulf Coast region of the United States. These plants have a combined annual production capacity of about 1.2 billion gallons of renewable diesel and 50 million gallons of renewable naphtha.
Valero Energy reported better-than-expected revenue and earnings, yet faces significant year-over-year declines. ... Nonetheless, renewable diesel stood out, with its operating income escalating ...
The Renewable Diesel segment recorded an operating income of $170 million, up from $84 million in the year-ago quarter. ... Valero ended the quarter with $8.1 billion of total debt and $4.65 ...
Independent refiner Valero's renewable diesel margins in the first quarter fell 21.5% year-on-year to $1.02 a gallon.
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 ...
Green diesel is being developed in Louisiana and Singapore by ConocoPhillips, Neste Oil, Valero, Dynamic Fuels, and Honeywell UOP [43] [50] as well as Preem in Gothenburg, Sweden, creating what is known as Evolution Diesel. [51]
Valero’s renewable diesel segment, however, posted a profit, and the company has announced plans to expand output. Marathon is seeking permits to convert a California refinery to produce ...
Renewable diesel from vegetable oil is a growing substitute for petroleum. [14] 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 ...