Visibility to Growth and Disciplined Capital Management
Investing to Improve Access to North American
Crude and Refinery Operating Cost Structure
Diamond pipeline.
Diamond and Sunrise Pipelines
Diamond 200 MBPD capacity connecting Memphis to Cushing
($460 MM cost (¹)), and Sunrise 100 MBPD undivided interest
connecting Midland to Wichita Falls ($135 MM cost(1))
200 MBPD expansion and extension of Diamond ($100 MM
cost (1)) expected to be completed in 2021
Provides additional Mid-Continent crude access to our McKee,
Ardmore and Memphis refineries
Improves crude oil supply flexibility, efficiency and blend quality
(1) Project cost for Valero's 50% share of Diamond and 20% undivided interest in Sunrise.
31
Wilmington cogeneration plant,
Cogeneration Plants
Wilmington facility ($110 MM cost) started up in
November 2017
Pembroke plant (£130 MM or $170 MM cost)
scheduled to be completed in 2020
Expect to reduce costs and improve supply
reliability for power and steam
ValeroView entire presentation