·         Valero acquired 10 state-of-the-art ethanol plants, making it the first traditional refiner to enter production of ethanol, under subsidiary Valero Renewable Fuels Company LLC, or Valero Renewables for short.

·          Ethanol is an environmentally friendly source of high-octane renewable fuel produced by fermenting converted corn starch with yeast. It is used as a blending agent for gasoline.

·          The co-product left after the ethanol is removed from fermented corn mash, called distillers grains, is sold as high-protein livestock feed.

·          The entire kernel of corn is converted to ethanol or distillers grains.

·          Valero Energy additionally has investments in several companies working to commercialize emerging alternative biofuels such as “green” diesel and valuable co-products from algae, renewable “green” gasoline from low-cost biomass such as municipal-landfill solid waste or “energy” crops, ethanol from cellulosic materials and renewable diesel fuel from animal-fat grease and used cooking oil.