Renewable Diesel Driving Low Carbon Results
Operations
Outlook
13 plants with 1.7 billion gallons
annual production capacity
- Dry mill production process, where
corn is ground into flour and mixed
with water before fermentation
- Efficient plants with scale, located
in the corn belt
- Operational best practices
transferred from refining
Ethanol
U.S. Fuel Ethanol Exports
(mbpd)
112
Rest of Industry
Valero
106
96
91
25
88
76
20
34
19
24
24
55
54
13
40
Ultimately, global renewable fuel mandates
should drive export growth
- U.S. corn-based ethanol is the most
economic choice for export into global
markets
- Existing logistics assets well-positioned to
support export growth
Expect to see incremental demand as a result
of fuel efficiency standards and year-round
E-15 sales in the U.S.
87
•
Cost advantaged versus the industry
72
77
72
64
64
53
51
•
39
Executing carbon sequestration projects
2013
2014 2015
2016
2017 2018
2019
2020
2021
-
INVESTOR PRESENTATION | JUNE 2021
- 45Q Tax Credit provides economic incentive
- LCFS provides higher value for the lower
carbon intensity ethanol
Source: U.S. Energy Information Agency (EIA) through February 2021, U.S. Census Bureau for March 2021.
Valero 35View entire presentation