Valero

Valero Energy Corp to export ethanol for first time

Valero Energy Corp to export ethanol for first time

According to reports, it is for the first time that Valero Energy Corp, which is among the biggest oil refiners, is looking forward to sell ethanol for export. The company based in San Antonio is the third-largest ethanol producer in the US. According to US trade sources, it has been providing export-grade ethanol to shippers and hiring tank space for it, making its way to major markets in Brazil and Asia.

For the time being, the company will be selling material on a freight-on-board basis. In due course, it will be looking forward to sell its material and third-party production directly to customers abroad. According to Valero spokesman Bill Day, "We are looking at increasing sales and expanding markets, including export markets".

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