SOURCE: Industrial Info Resources

Industrial Info Resources

December 03, 2010 05:30 ET

Valero Refining Company Receives Board Approval for Hydrocracker Projects, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - December 3, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) has received board approval to restart construction on two 50,000-barrel-per-day hydrocracker units at the company's refineries in Port Arthur, Texas, and Norco, Louisiana. The company will process heavier, sour crude oil into cleaner diesel and other refined products at both refineries. The engineering for the projects has been completed by Fluor Corporation (NYSE:FLR) (Irving, Texas).

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