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02-04-2010

Valero Renewables Closes on Purchase of Jefferson Ethanol Plant

Valero Renewable Fuels Company, LLC, a wholly owned subsidiary of Valero Energy Corporation, announced today that it has closed on its purchase of an ethanol plant from Renew Energy. The plant, located near Jefferson, Wis., has an annual production capacity of 110 million gallons. Valero paid $72 million for the plant.
 
The purchase gives Valero Renewables a total of 10 ethanol plants with a combined production capacity of 1.1 billion gallons per year, making it one of the nation’s largest ethanol producers.

About Valero:
Valero Energy Corporation is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. Its assets include 14 petroleum refineries with a combined throughput capacity of approximately 2.6 million barrels per day, 10 ethanol plants with a combined production capacity of 1.1 billion gallons per year, and a 50-megawatt wind farm. Valero is also one of the largest retail operators with approximately 5,800 retail and branded wholesale outlets in the United States, Canada and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Ultramar and Beacon brands. Based in San Antonio, Valero is a Fortune 500 company with approximately 20,000 employees. Please visit http://www.valero.com for more information.

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