Valero Energy Corporation, headquartered in San Antonio, Texas, is a leading global manufacturer and marketer of transportation fuels and petrochemical products. It operates 15 refineries worldwide with a combined throughput capacity of approximately 3.2 million barrels per day, producing a wide range of products including gasoline, diesel, jet fuel, and petrochemicals. Valero markets these products through wholesale rack and bulk markets, as well as through approximately 7,000 retail outlets under various brand names. Additionally, the company produces and sells ethanol and renewable diesel, operating 12 ethanol plants and a 50% stake in a renewable diesel facility. Valero's integrated logistics assets, including pipelines and terminals, support its refining operations, predominantly in the U.S. Gulf Coast and midcontinent. The company employs around 10,500 people and is a Fortune 500 company.
Executive Vice President and Chief Administrative Officer
Mike Lewis
Vice President, Europe Product Supply
7 past transactions
Pure Biofuels Del Peru
Acquisition in 2018
Pure Biofuels Del Peru is a third largest fuels importer in Peru, maintains a leading supply platform with a base of over 500 customers, including retailers, miners, and airlines. The transaction, which was funded with cash, also includes refined products terminals in Callao, near Lima, and in Paita, near Piura in northern Peru.
Parkway Pipeline
Acquisition in 2016
Parkway will enable the transportation of refined liquid petroleum products, including gasoline, diesel fuel, and turbine fuel, from existing refineries in the Norco, Louisiana area to existing facilities in Collins, Mississippi. These products can then be distributed locally or injected into existing pipelines for distribution throughout the southeastern United States.
Enerkem
Private Equity Round in 2011
Enerkem Inc. is a cleantech company based in Montreal, Canada, specializing in the production of renewable biofuels and chemicals derived from waste materials. The company utilizes a proprietary thermochemical process to convert non-recyclable municipal solid waste into cellulosic ethanol and other renewable chemicals. Over a decade of research has validated Enerkem's technology, which addresses issues related to oil dependence and waste disposal. The company operates advanced facilities that support its business model of producing biofuels profitably from a diverse range of feedstocks. Enerkem is majority-owned by a mix of institutional and clean-technology investors, including various venture capital firms and industrial investors. With a workforce of approximately 170 employees across Canada and the United States, Enerkem is committed to transforming waste into sustainable energy solutions.
ZeaChem
Series B in 2009
ZeaChem is focused on developing sustainable alternatives to petroleum-based fuels and chemicals, utilizing renewable biomass sources such as wood chips, wheat straw, corn stover, and grasses. The company employs a proprietary fermentation process that converts all carbon in the sugars into end products, resulting in high yields and making its products competitive with traditional fossil fuels, even without subsidies. By targeting the $1 trillion chemicals and fuels markets, ZeaChem aims to provide high-margin solutions that address environmental concerns while maintaining economic viability.
Solix Algredients
Series A in 2008
Solix Algredients Inc. is a business-to-business supplier specializing in algae-based natural ingredients aimed at health-conscious consumers. Founded in 2005 and headquartered in Fort Collins, Colorado, the company focuses on developing Solasta Astaxanthin, a natural extract derived from the microalga Haematococcus pluvialis, which is utilized in dietary supplements and personal care products. With a history rooted in algae-based biofuels, Solix has evolved to leverage its expertise in algal growth systems, employing patented technology for producing high-quality algal biomass. The company operates additional research and development facilities in Russia and China, and it is a subsidiary of BGG-Solix Combination. By emphasizing non-GMO and vegetarian products, Solix Algredients facilitates manufacturers and brands in delivering the benefits of algae-derived ingredients to consumers seeking healthier options.
Premcor
Acquisition in 2005
Premcor is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, petroleum coke and other petroleum products in the United States. The company owns and operates refineries in Port Arthur, Texas, Lima, Ohio, Memphis, Tennessee and Delaware City, Delaware with a combined crude oil throughput capacity of approximately 790,000 barrels per day.
Ultramar Diamond Shamrock
Acquisition in 2001
An oil refinery and gas station company
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