Visibility to Growth and Disciplined Capital Management
Investing to Increase Premium
Renewable Fuels Production
Diamond Green Diesel Train 1.
Diamond Green Diesel Train II
Valero's $550 MM portion of project cost
expected to be funded from cash generated
by DGD's operations
Independent parallel renewable diesel plant
and renewable naphtha finishing facility
adjacent to existing plant expected to be
completed in 2021
Expect increase in annual renewable diesel
production capacity of 400 MM gallons per year
and enables recovery of renewable naphtha
Combined total production capacity expected to
be 675 MM gallons per year after successful
completion
Margins expected to be supported by
increasing renewable fuel mandates and
carbon pricing
Valero's 50% share of estimated annual
EBITDA contribution is approximately
$250 MM at $1.26/gallon historical average
EBITDA(1)
(1) Historical average EBITDA includes the Blenders Tax Credit. Projected pro forma EBITDA estimate of $1.26/gallon excludes the Blenders Tax Credit.
15
ValeroView entire presentation