Valero Energy - Refinery provider benefits from rising demand for ethanol and alternative fuels!
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Business Driver: Valero Energy (VEE) is one of the leading refinery operators in the US and Canada, focusing primarily on traditional refinery products such as gasoline, diesel, jet fuel, asphalt, petrochemicals, and lubricants. Recently, it has expanded its ethanol production, operating 12 ethanol plants with an annual output of 1.7 billion barrels. Valero Energy is also well positioned in Sustainable Aviation Fuel (SAF) and Renewable Diesel (joint venture with Darling Ingredients). On July 10, Piper Sandler reaffirmed the rating with "Overweight"...
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