SOURCE: Industrial Info Resources

December 17, 2009 05:15 ET

Valero to Gobble Up an Additional 350 Million Gallons of Annual Ethanol Capacity, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 17, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) is set to gobble up an additional 350 million gallons of ethanol capacity in a $272 million deal to purchase three existing ethanol production facilities in Indiana, Ohio and Wisconsin. When the acquisition is complete and all of the plants are producing, Valero will have an annual production capacity of more than 1 billion gallons of ethanol, ranking them among the top domestic producers.

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