瓦莱罗预计Diamond Green Diesel工厂将于第四季度开工，提前于2025年目标

Valero Energy (NYSE:VLO) said Thursday said it expects to begin producing sustainable aviation fuel at the Diamond Green Diesel plant in Port Arthur, Texas, ahead of schedule in Q4, and that it expects interest will exceed the project's capacity, Dow Jones reports.

Valero (VLO) said the project will give it and its Diamond Green Diesel joint venture partner Darling Ingredients (DAR) the option to convert up to half of the plant's 470M gal/year capacity to SAF.

Valero (VLO) COO Gary Simmons said on the company's earnings conference call that commercial interest in the plant's SAF production exceeds current capacity, and added the company is working on a possible second SAF project.

The company also said its expects its fuel exports to Mexico will increase later this year as a new import terminal in the port of Altamira becomes operational, according to S&P Global.

Simmons said Valero (VLO) is exporting ~100K bbl/day of gasoline and diesel to Mexico, and the company expects demand there will remain strong.

Valero (VLO) shares finished flat in Thursday's trading after reporting better than expected Q1 adjusted earnings, but margins fell to $3.53B from $5.9B in the year-earlier quarter.

The company said it plans to run its refineries at up to 95% of their total combined throughput capacity of 3.2M bbl/day in Q2, including 99% of combined 1.9M bbl/day throughput capacity at its seven U.S. Gulf coast refineries.