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2026 Who Brands. All information is provided for educational purposes. Brand names and logos are trademarks of their respective owners.

  1. Home
  2. Brands
  3. Energy & Utilities
  4. Valero Renewables
Valero Renewables logo
Energy & Utilities

Who Owns Valero Renewables?

Valero Renewables is the low-carbon fuels business of Valero Energy Corporation, a publicly traded American petroleum refining company founded in 1980 and headquartered in San Antonio, Texas, trading on NYSE under ticker VLO. The division includes Diamond Green Diesel, the 50-50 joint venture with Darling Ingredients that is the world's largest renewable diesel producer, and Valero's network of ethanol plants across the US Midwest.

Parent Company

Valero Energy Corporation

Founded

2006

Status

Publicly Traded

Headquarters

San Antonio, Texas, USA

Valero Renewables Timeline

1980
Valero Energy Corporation

Parent company established in San Antonio, Texas, USA

Company Founded
2006

Valero Renewables

Founded by Valero Energy Corporation

Founded
premiumleaderUnited Statesunisexrenewable energyOfficial Website

Who Owns Valero Renewables?

  • Parent Company: Valero Energy Corporation
  • Ownership Type: Division
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: VLO
BrandParent CompanyOwnership Type
Valero RenewablesValero Energy CorporationDivision

History of Valero Renewables

  • Founded: 2006
  • Founders: Valero Energy Corporation

Valero entered renewables through ethanol, acquiring a network of Midwest corn-ethanol plants starting in 2008 and building the portfolio into one of the country's largest by capacity, approximately 1.6 billion gallons per year across twelve plants in Iowa, Nebraska, South Dakota, Minnesota, Indiana, and Wisconsin.

The transformative step came in 2011, when Valero and Darling Ingredients formed Diamond Green Diesel to convert fats, used cooking oil, and inedible corn oil into renewable diesel at a converted refinery in Norco, Louisiana. DGD's success led to major expansions: Norco capacity grew repeatedly and a second plant at Port Arthur, Texas, came online in 2022, making DGD the world's largest renewable diesel producer.

Through 2025-2026, Valero expanded DGD into sustainable aviation fuel production at Port Arthur and pursued carbon capture projects, positioning the renewables business as the company's primary growth vector against a long-term decline in gasoline demand.

About Valero Energy Corporation

What does Valero Energy own?
Valero Energy owns 15 petroleum refineries across the United States, Canada, and the United Kingdom, 14 ethanol plants in the United States, and a 50 percent stake in the Diamond Green Diesel renewable diesel joint venture. The company also operates approximately 7,000 retail and wholesale fuel outlets under the Valero, Diamond Shamrock, and Beacon brands.

Is Valero Energy publicly traded?
Yes. Valero Energy trades on the New York Stock Exchange under the ticker symbol VLO. The company is a component of the S&P 500 and is widely held by institutional investors, index funds, and individual shareholders. No parent company or controlling shareholder exists.

Who founded Valero Energy?
Valero was formed in 1980 as a subsidiary of Coastal States Gas Corporation to hold refining and marketing assets. The company was spun off as an independent entity in 1984. It was not founded by an individual but was created as a corporate entity through asset transfers and an IPO.

Where is Valero Energy headquartered?
Valero Energy is headquartered in San Antonio, Texas, USA. The company has maintained its headquarters in San Antonio since its founding and operates its corporate, finance, and strategic planning functions from that location.

How many brands does Valero Energy own?
Valero owns four primary fuel and retail brands: Valero, Diamond Shamrock, Beacon, and Valero Renewables. The company's brand portfolio is focused on fuel marketing rather than consumer goods.

Who owns Valero Energy?
Valero Energy is a publicly traded corporation with no controlling shareholder. The company is owned by institutional investors, mutual funds, index funds, and individual shareholders who purchase shares on the New York Stock Exchange. As an S&P 500 component, a significant portion of Valero's shares are held by passive index funds.

What is Valero Energy's revenue?
For fiscal year 2025, Valero reported total revenue of approximately $128 billion and adjusted net income of $3.3 billion. In Q2 2026, the company reported revenue of $44.5 billion and net income of $3.7 billion, a record for any second quarter.

Has Valero made major acquisitions recently?
Valero's most recent major acquisitions were the Ultramar Diamond Shamrock deal in 2001 ($4 billion) and the Premcor acquisition in 2005 ($8.7 billion). In recent years, the company has focused on operational improvements and organic growth rather than large-scale M&A. The company is completing a $230 million FCC Unit optimization project at its St. Charles refinery in 2026.

  • Founded: 1980
  • Headquarters: San Antonio, Texas, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: VLO
  • Revenue: approximately $128 billion (FY2025)
  • Employees: Approximately 10,000

Visit Valero Energy Corporation website

View full company profile for Valero Energy Corporation

Where Is Valero Renewables Made / Based?

  • Headquarters: San Antonio, Texas, USA
  • Manufacturing / Operations: United States

Valero Renewables Categories & Tags

Renewable DieselEthanolBiofuelsDiamond Green DieselClean Energy

Valero Renewables Sustainability & Ethics

This is Valero's sustainability flagship: renewable diesel delivers roughly 50-80% lifecycle emissions reductions versus petroleum diesel, and SAF serves aviation's decarbonization needs. Critics note the business still depends on policy credits and that feedstock supply constraints limit total decarbonization volume relative to fossil output.

Awards & Recognition

Diamond Green Diesel is widely cited as the global benchmark for renewable diesel scale, and Valero's renewables segment has been recognized in industry rankings for growth and profitability in low-carbon fuels.

Valero Renewables Recalls & Controversies

No major controversies attach specifically to Valero Renewables. Sector-level debates around biofuel land use, credit fraud in feedstock supply chains, and policy dependence apply to the industry broadly rather than to the brand itself.

Brands Owned by Valero Energy Corporation

BeaconEnergy Utilities

Beacon

Owned by Valero Energy Corporation

Value-priced gasoline brand owned by Valero Energy, used by independent retailers primarily in California and the western United States as a low-cost fuel option.

gas-stationfuel-retaildiscount-fuel
Diamond ShamrockEnergy Utilities

Diamond Shamrock

Owned by Valero Energy Corporation

Heritage American fuel brand dating to 1967, retained by Valero Energy as a secondary station banner primarily in Texas and the West.

gas-stationfuel-retailheritage-brand
ValeroEnergy Utilities

Valero

Owned by Valero Energy Corporation

Fuel retail brand of Valero Energy operating approximately 4,500 branded gas stations across 35 US states plus international sites in the UK and Ireland.

gas-stationfuel-retailgasoline
View all brands owned by Valero Energy Corporation

Valero Renewables Ownership: Pros & Cons

Advantages

  • +World's largest renewable diesel producer through Diamond Green Diesel
  • +Darling JV locks in feedstock supply competitors struggle to secure
  • +Drop-in fuels require no engine or infrastructure changes
  • +SAF expansion targets the fastest-growing low-carbon fuel market

Considerations

  • -Margins depend heavily on RIN credits, LCFS credits, and IRA tax incentives
  • -Feedstock costs swing with fats and oils markets
  • -Ethanol demand is structurally capped by the gasoline blend market
  • -Policy reversals under shifting administrations create revenue volatility

Frequently Asked Questions About Valero Renewables

Sources & Further Reading

  • [Valero Alternative Fuels](
  • [Diamond Green Diesel](
  • [Valero Investor Relations](
  • [Darling Ingredients](

Competitors to Valero Renewables

No direct competitors found in the same category. This could be because Valero Renewablesoperates in a unique market segment or we're still building our competitor database.

Independent Alternatives to Valero Renewables

Looking for brands with different ownership structures? These similar brands are not owned by Valero Energy Corporation, giving you alternative choices that support different corporate structures.

Adani Green EnergyEnergy Utilities

Adani Green Energy

Owned by Adani Group

Adani Green Energy Limited (AGEL) is India's largest renewable energy company by installed capacity, listed on the National Stock Exchange and BSE. It develops, builds, and operates solar and wind power plants across India.

renewable-energysolarwind
Privately Owned

Adani Green Energy is privately owned, unlike Valero Renewables which is under a publicly traded parent company.

Adani PowerEnergy Utilities

Adani Power

Owned by Adani Group

India's largest private thermal power producer, operating approximately 17,550 megawatts of installed capacity across eight states, listed on NSE and BSE.

power-generationenergythermal-power
Privately Owned

Adani Power is privately owned, unlike Valero Renewables which is under a publicly traded parent company.

Baker HughesEnergy Utilities

Baker Hughes

Owned by Baker Hughes Company

Master brand of Baker Hughes Company, the global energy technology company providing oilfield services and industrial energy technology including LNG equipment and turbomachinery.

oilfield-servicesenergy-technologylng
Publicly Traded

Baker Hughes operates independently without a large parent corporation.

CenexEnergy Utilities

Cenex

Owned by CHS Inc.

American fuel, lubricant, and convenience store brand owned by CHS Inc., the nation's largest farmer-owned cooperative, operating roughly 1,400 locations across 19 states.

fuelgas-stationsconvenience-stores
Privately Owned

Cenex is privately owned, unlike Valero Renewables which is under a publicly traded parent company.

GE VernovaEnergy Utilities

GE Vernova

Owned by GE Vernova LLC

Independent publicly traded energy technology company spun off from General Electric in April 2024, providing gas turbines, wind turbines, grid solutions, and electrification technology globally.

energy-technologywind-powergas-turbines
Publicly Traded

GE Vernova operates independently without a large parent corporation.

HalliburtonEnergy Utilities

Halliburton

Owned by Halliburton Company

Flagship oilfield services brand of Halliburton Company, founded in 1919 and a global leader in well completion and drilling services.

oilfield-servicesfrackingdrilling
Publicly Traded

Halliburton operates independently without a large parent corporation.

Valero Energy Corporation Stock Information

Jobs at Valero Energy Corporation

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Last reviewed: September 25, 2026 · Reviewed by Who Brands Editorial Team