acquisition

The Carlyle Group Buys Sunoco’s Philadelphia Refinery

“We believe the changing nature of the energy paradigm in the U.S., coupled with a redefined operating model, can truly benefit this refinery,” says Carlyle managing director. Sunoco Inc.’s Philadelphia refinery, which was facing potential closure at the end of July, has been saved by The Carlyle Group. The Washington-based private-equity manager announced plans Monday

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Love’s Opening 10 Oklahoma CNG Fueling Stations

With these 10 new fueling stations, Love’s CNG infrastructure count has reached 11, giving Oklahoma more than 70 existing or planned public CNG stations. Love’s Travel Stops & Country Stores, an Oklahoma City, Okla.-based and family-owned operator of more than 290 travel stops and convenience stores, has scheduled grand opening events for six of 10

CITGO Opens ULSD Unit at Lemont Refinery

CITGO Petroleum Corp. has completed the construction and start-up of a major processing unit to produce Ultra-Low Sulfur Diesel (ULSD) at its Lemont, Ill., refinery. In compliance with Environmental Protection Agency (EPA) standards, the unit is equipped with the latest technology designed to reduce, by 98%, the sulfur content of diesel transportation fuel produced at

Valero Donates Equipment To Firefighters

San Antonio-based Valero Renewable Fuels is donating more than $40,000 in funds and equipment to 10 local fire departments in Midwestern communities where the company owns ethanol plants, the Boston Herald reported.  Valero owns the former VeraSun plant in Aurora, S.D.  The San Antonio, Texas-based company will also pay tuition and travel expenses for 20

Valero Renewables Acquires Jefferson Ethanol Plant

Valero Renewable Fuels Company LLC, a wholly owned subsidiary of San Antonio-based Valero Energy Corporation has closed on the 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

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