VALERO ENERGY CORP.

History

Year	Detail
1980	Valero Energy Corp was founded in 1980 as the corporate successor of Lo-Vaca Gathering Company, a natural gas pipeline subsidiary of Houston-based Coastal Corporation.
1984	The company officially commissioned its first full-scale refinery in Corpus Christi, Texas (later named the Corpus Christi Refineries West Plant).
1997-1998	The company agreed to merge its natural gas-related service business with PG&E Corporation and spin off its refining assets into a new public corporation known today as Valero Energy Corporation.
2001	Valero merged with San Antonio-based Ultramar Diamond Shamrock, bringing six more refineries into Valero’s portfolio: Ardmore, Oklahoma; Wilmington, California; Denver, Colorado; McKee (Sunray, Texas) and Three Rivers, Texas; and LeÌvis, Quebec (later named Jean Gaulin Refinery).
2003-2004	The company purchased its St. Charles Refinery from Orion Refining Corporation in South Louisiana, expanding its Gulf Coast reach.
2005	The company acquired Premcor Inc., an independent oil refining and marketing company based in Old Greenwich, for approx $8 billion transaction and added four refineries to the portfolio: Port Arthur in Texas, Memphis in Tennessee, Delaware, and Lima in Ohio.
2009-2010	Valero purchased seven ethanol plants from VeraSun Energy Corporation, forming a new alternative energy subsidiary called Valero Renewable Fuels Company LLC.
2011	Valero entered the Western European refining market by purchasing the Pembroke Refinery in Wales, related logistics assets, and marketing business in the U.K. and Ireland. It also acquired its 15th refinery and logistics assets in Meraux, Louisiana.
2012	In a joint venture called Diamond Green Diesel, Valero partnered with Darling Ingredients Inc. to build a 10,000-barrel-per-day renewable diesel refinery near its St. Charles refinery. The refinery will process recycled animal fat, used cooking oil, and other feedstocks into renewable diesel fuel.
2013	Valero Energy Corporation formed Valero Energy Partners LP as a master limited partnership to own, operate, develop, and acquire transportation and logistics assets primarily related to the company's refining and marketing operations.
2013	Valero also spin off its retail business as an independent public company. CST Brands Inc. entered the market as the second-largest publicly traded fuel and convenience merchandise retailer in North America.
2018	The company merged with Valero Energy Partners LP into the corporation. This move fully integrated the partnership's mindstream operations into Valero's core business, streamlining its operations and reducing costs associated with maintaining a separate publicly traded entity.
2018	The company expanded its reach into Latin America by purchasing Pure Biofuels Del Peru, its first infrastructure investment in South America. This includes refined product terminals in Callao, near Lima, and Paita, in northern Peru.
2020	Valero expanded its branded footprint in Mexico by opening its first gasoline station in Guadalajara, Jalisco.