Valero Energy Corporation (NYSE: VLO) is a Fortune 500 international manufacturer and a marketer of transportation fuels, other petrochemical products, and power that is based in San Antonio, Texas, United States. The company owns and operates 16 refineries throughout the United States, Canada, United Kingdom, and the Caribbean with a combined throughput capacity of approximately 3 million barrels (480,000 m) per day, 10 ethanol plants with a combined production capacity of 1.2 billion US gallons (4,500,000 m) per year, and a 50 megawatt wind farm. Valero is also one of the United States' largest retail operators with approximately 6,800 retail and branded wholesale outlets in the United States, Canada, United Kingdom, and the Caribbean under the Valero, Diamond Shamrock, Shamrock, Ultramar, Beacon, and Texaco brands. Valero was created on January 1, 1980, as a spinoff of Coastal States Gas Corporation. At the time, it was the largest corporate spinoff in U.S. history.
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