Eagle Ford crude prompts upgrades at Valero’s Texas refineries

|About: Valero Energy Corporation (VLO)|By:, SA News Editor

Valero Energy (VLO) plans to invest $730M in upgrading two of its Texas refineries to process increased volumes of light crude sourced from the Eagle Ford shale.

The projects, which VLO expects to complete by year-end 2015, will expand light sweet crude processing capacities at its 160K bbl/day Houston and 325K bbl/day Corpus Christi refineries by an additional 90K bbl/day and 70K bbl/day, respectively.

VLO also plans a 15K bbl/day expansion of the crude unit at its 170K bbl/day McKee, Tex., refinery to increase throughputs of crude supplies from the nearby Permian basin.