
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
Founded
2006
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Valero Renewables | Valero Energy Corporation | Division |
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.
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.
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.
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.
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.
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.
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