Valero Energy

Valero Energy Corporation, headquartered in San Antonio, Texas, is a leading global manufacturer and marketer of transportation fuels and petrochemical products. It operates 15 refineries worldwide with a combined throughput capacity of approximately 3.2 million barrels per day, producing a wide range of products including gasoline, diesel, jet fuel, and petrochemicals. Valero markets these products through wholesale rack and bulk markets, as well as through approximately 7,000 retail outlets under various brand names. Additionally, the company produces and sells ethanol and renewable diesel, operating 12 ethanol plants and a 50% stake in a renewable diesel facility. Valero's integrated logistics assets, including pipelines and terminals, support its refining operations, predominantly in the U.S. Gulf Coast and midcontinent. The company employs around 10,500 people and is a Fortune 500 company.

Mike Crownover

Executive Vice President and Chief Administrative Officer

Mike Lewis

Vice President, Europe Product Supply

7 past transactions

Pure Biofuels Del Peru

Acquisition in 2018
Pure Biofuels Del Peru is a third largest fuels importer in Peru, maintains a leading supply platform with a base of over 500 customers, including retailers, miners, and airlines. The transaction, which was funded with cash, also includes refined products terminals in Callao, near Lima, and in Paita, near Piura in northern Peru.

Parkway Pipeline

Acquisition in 2016
Parkway will enable the transportation of refined liquid petroleum products, including gasoline, diesel fuel, and turbine fuel, from existing refineries in the Norco, Louisiana area to existing facilities in Collins, Mississippi. These products can then be distributed locally or injected into existing pipelines for distribution throughout the southeastern United States.

Enerkem

Private Equity Round in 2011
Enerkem Inc. is a Canadian cleantech company based in Montreal, specializing in the production of renewable biofuels and chemicals from non-recyclable municipal solid waste. Founded in 2000, Enerkem has developed a proprietary thermochemical technology that efficiently converts waste into biofuels, primarily cellulosic ethanol, and renewable chemicals. This patented process chemically recycles the carbon in waste materials, creating a synthesis gas that is transformed into biofuels and chemicals using commercially available catalysts. With a focus on addressing the challenges of oil dependence and waste disposal, Enerkem aims to produce these renewable products at commercial scale. The company has undertaken extensive validation of its technology over a decade, utilizing solid waste from various municipalities. Enerkem employs around 170 people across Canada and the United States and has established strategic partnerships to support its mission of advancing sustainable energy solutions.

ZeaChem

Series B in 2009
ZeaChem is focused on developing sustainable alternatives to petroleum-based fuels and chemicals, utilizing renewable biomass sources such as wood chips, wheat straw, corn stover, and grasses. The company employs a proprietary fermentation process that converts all carbon in the sugars into end products, resulting in high yields and making its products competitive with traditional fossil fuels, even without subsidies. By targeting the $1 trillion chemicals and fuels markets, ZeaChem aims to provide high-margin solutions that address environmental concerns while maintaining economic viability.

Solix Algredients

Series A in 2008
Solix Algredients Inc. is a B2B supplier specializing in algae-based natural ingredients aimed at health-conscious consumers. Founded in 2005 and headquartered in Fort Collins, Colorado, the company focuses on developing high-quality products such as Solasta Astaxanthin, a natural extract derived from Haematococcus pluvialis, for dietary supplements and personal care applications. Originally established as Solix BioSystems, the company transitioned in 2015 to concentrate on the nutritional and personal care markets, leveraging its expertise in algal cultivation and processing. With additional research and development capabilities in Russia and China, Solix Algredients is committed to providing non-GMO and vegetarian products that meet the growing demand for natural health solutions.

Premcor

Acquisition in 2005
Premcor is one of the largest independent petroleum refiners and suppliers of unbranded transportation fuels, heating oil, petrochemical feedstocks, petroleum coke and other petroleum products in the United States. The company owns and operates refineries in Port Arthur, Texas, Lima, Ohio, Memphis, Tennessee and Delaware City, Delaware with a combined crude oil throughput capacity of approximately 790,000 barrels per day.

Ultramar Diamond Shamrock

Acquisition in 2001
An oil refinery and gas station company
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