SOURCE: Industrial Info Resources

Industrial Info Resources

April 27, 2011 06:30 ET

Valero Benefits From Refining in First-Quarter 2011 as Other Sectors Slow, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Apr 27, 2011) - Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas), a leading international manufacturer and marketer of transportation fuels and other petrochemical products, thrived in first-quarter 2011 as refining revenues boosted the company's overall performance, despite slight declines in U.S. retail and ethanol earnings. Net income was reported to be $98 million, compared with a net loss of $113 million in first-quarter 2010.

Industrial Info is tracking 114 active Valero projects worldwide that are worth more than $5.25 billion, including the $240 million construction of a renewable diesel plant in Norco, Louisiana. The project involves constructing a production building and installing a reactor and supporting equipment to process waste grease and animal fats into 137 million gallons per year of renewable diesel. For more information, visit Industrial Info's North American Alternative Fuels Projects Database.

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Industrial Info Resources (IIR), with world headquarters in Sugar Land, Texas, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. IIR's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. For more information, send inquiries to refininggroup@industrialinfo.com or visit us online at www.industrialinfo.com.

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