Valero Completes Sale of Delaware City Assets
Related Quotes
| Symbol | Price | Change |
|---|---|---|
| VLO | 17.50 | -0.06 |
SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO - News) announced today that it has completed the sale of the assets of its terminal operation and discontinued operations in Delaware City to the Delaware City Refining Company LLC and Delaware Pipeline Company LLC, wholly owned subsidiaries of PBF Energy Company LLC. Valero received total proceeds of $220 million.
Valero had announced the sale of the assets in April. It is also exploring strategic options for its refineries in Paulsboro, N.J., and Aruba.
About Valero:
Valero Energy Corporation is a Fortune 500 company based in San Antonio with approximately 21,000 employees. The company owns or operates 15 refineries with a combined throughput capacity of approximately 2.8 million barrels per day. Valero is also a leading ethanol producer with 10 ethanol plants in the Midwest with a combined capacity of 1.1 billion gallons per year, and is one of the nation’s largest retail operators with approximately 5,800 retail and branded wholesale outlets in the United States, Canada and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Ultramar and Beacon brands. Please visit www.valero.com for more information.
Contact:
Valero Energy Corporation, San Antonio
Investors, Ashley Smith, Vice President,
Investor Relations: 210-345-2744
or
Media, Bill Day, Executive Director, Corporate Communications:
210-345-2928
Website: http://www.valero.com/
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