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Valero is proud that 2022 was the best year ever for combined employee and contractor safety.
Valero closed the year strongly with the highest capacity utilization since 2018, with the refinery running at 97% capacity utilization, the highest since 2018.
Valero’s renewable diesel business set a new sales volume record in the fourth quarter with the launch of the company’s new Diamond Green Diesel (DGD) Port Arthur plant. The project was completed on budget and ahead of schedule, bringing DGD’s total annual capacity to 1.2 billion gallons of renewable diesel and 50 million gallons of renewable naphtha.
The company continues to invest in its refining business. Valero’s coker project in Port He Arthur, Texas is progressing well and is expected to be completed in the second quarter of 2023. The project should increase refinery throughput and improve maintenance efficiency.
Valero’s carbon sequestration project by BlackRock and Navigator is also on schedule, with start-up activities expected to commence in late 2024. Strength ethanol product.
These initiatives demonstrate that Valero is leveraging its liquid fuel platform and operational expertise to further strengthen its long-term competitive advantage as the world’s largest producer of renewable transportation fuels. is showing.
But Valero is so much more. The company continues to develop additional low-carbon opportunities such as sustainable aviation fuel (SAF), renewable hydrogen, additional renewable naphtha and carbon sequestration projects.
Turning to our communities, Valero remains committed to empowering our communities with more than just fuel for our employees. In 2022, Valero and his employees generously pledged his record $19 million to United Way across the country. Of that, $7 million will be distributed to the United Way of San Antonio and Bexar County.
Valero employees volunteered more than 100,000 hours last year, building homes, donating blood, mentoring students and feeding families. Valero volunteers partner with hundreds of agencies working to address community needs.
And with the generous support of Valero’s business partners, the 2022 Valero Texas Open and Benefits for Children has raised more than $22 million, bringing the tournament’s total to date to $209 million. The Valero Texas Open has grown to become the number one tournament in charitable giving on the PGA Tour.
Valero knows that tomorrow is built on today’s actions.
