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...It is one of the biggest western refining companies, with 12 plants spread across the US and Europe....
...It was backed by several deep-pocketed investors, including BlackRock, US oil refiner Valero Energy and Poet, a top US biofuel refiner....
..., Louisiana, which ended up devouring nearly $13bn....
...Morgan Stanley has boardroom links to the oil and gas industry too; director Rayford Wilkins Jr is a sitting board member of Texas-based oil refining company Valero Energy....
...executive of large refining company Valero Energy, said in an earnings call last month....
...However, investors scored a win at Valero Energy, a fuel refining and retail company, which agreed to make pay changes based on climate without a shareholder vote....
...It received a grant of up to $220mn from the US government last month to expand its anode material facility in Louisiana, which is under construction....
...Shareholders of two independent refiners, Valero Energy and Marathon Petroleum, have enjoyed stock price rises of at least 78 per cent in the last year....
...“As long as inventories remain low, you would expect that to translate into a very strong refining margin environment,” said Joseph Gorder, chief executive of refiner Valero, referring to the profit margins...
...In letters sent to seven oil companies including ExxonMobil, BP, Shell and Valero, Biden called for “immediate actions” to supply more fuel, and said the administration was prepared to use “all reasonable...
...Lithium refining — a complex chemical process — is a far cry from the carmaker’s core expertise of designing vehicles, and relies on the company being able to secure a type of lithium ore known as “spodumene...
...The price surge is also delivering huge profits to oil companies....
...Valero Energy, a Texas-based refining company which imports heavily from Russia, has reportedly suspended all future purchases of Russian oil....
...That project aims to capture emissions from plants in the refining hub around Port Arthur and Beaumont, near the Louisiana border, and inject them back into reservoirs for storage just off the coast....
...Energy companies started assessing damage to their facilities only as day broke on Monday. More than 1m customers across Louisiana remained without power, according to PowerOutage.US....
...You had governments literally shut down their economies globally,” Garland said at the company’s headquarters in Houston last week. Garland said that refining companies were still under pressure....
...Some refiners, including New York-listed Valero, were seeking to park fuels on vessels, said S&P Global Platts. Valero did not respond to a request for comment....
...Refineries in Lake Charles owned by Phillips 66 and Citgo Petroleum were halted, as were others in Texas owned by Motiva Enterprises, ExxonMobil, Valero Energy, Total and Chevron, S&P said....
...All told, up to 500,000 b/d has been cut from gulf refining runs, said market sources. Valero and Motiva didn’t respond to requests for comment....
...capacity on the Texas and Louisiana coasts....
...He points out that Mr Vadell was never on the Citgo board and did not work at the company’s headquarters in Houston. “He was head of refining,” Mr Loreto told the FT in Caracas....
...Other refiners involved in renewable diesel include Valero Energy, whose Diamond Green Diesel joint venture with the fats recycler Darling Ingredients is more than doubling the size of a plant in Louisiana...
...But Texas will win either way Outside the Permian and the Gulf Coast’s refining hub, you’d be forgiven for thinking Texas was more of a clean energy state than an oil and gas superpower....
...Oil prices rose on Monday, led higher by a jump in US gasoline futures as two dangerous storms careered towards the fuel refining hub on the US Gulf Coast....
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