Annual production capacity of 110 million gallons
San Antonio, TX
Valero Renewable Fuels Company, LLC, a wholly owned subsidiary of Valero Energy Corporation (NYSE: VLO), announced today that it has closed on its purchase of two ethanol plants from ASA Ethanol Holdings, LLC. The plants – located in Linden, Ind. and Bloomingburg, Ohio – each have an annual production capacity of 110 million gallons. Valero paid $200 million plus inventory costs for the plants.
The Linden and Bloomingburg plants are currently idled, but are expected to be restarted within approximately three to six months.
Valero Energy Corporation is a Fortune 500 company based in San Antonio with approximately 21,000 employees. The company operates 15 refineries with a combined throughput capacity of approximately 2.8 million barrels per day. Valero is also a leading ethanol producer with seven ethanol plants in the Midwest with a combined capacity of 780 million 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.