Valero won’t sell Memphis refinery
Memphis Business Journal - by Trey Heath Staff writer
Valero Energy Corp. is no longer considering selling its Memphis refinery, company officials said Wednesday.
Valero spokesman Bill Day confirmed that the Memphis refinery was “no longer under strategic review” regarding its sale. The company had previously announced it was researching selling its refineries in Memphis, Ardmore, Okla., and Aruba.
Day said the Ardmore and Memphis facilities are no longer being considered for sale, however, Valero is still pursuing “interested parties” to buy its Aruba refinery.
“We said we would look for a deal that would be in the best interest of our shareholders,” Day said. “Taking these refineries off of strategic review was the best decision for our shareholders.”
Based in San Antonio, Valero’s (NYSE: VLO) Memphis refinery has a crude processing capacity of 180,000 barrels per day and produces gasoline, diesel fuel and the majority of jet fuel consumed at Memphis International Airport.
theath@bizjournals.com
Related Industry News |
Latest News |
Most Viewed Stories |
Most Emailed Stories |
