(g) Valero owns a 50 percent member interest in Diamond Green Diesel Holdings LLC (DGD) and consolidates the financial statements of DGD due to its controlling financial interest in DGD. The loss incurred by DGD that is attributable to the owner of the other 50 percent member interest has been added back to net income to arrive at net income attributable to Valero. DGD is currently building a plant that will process animal fats, used cooking oils, and other vegetable oils into renewable green diesel. The plant will be located next to Valero’s St. Charles Refinery in Norco, Louisiana.(h) Primarily includes petrochemicals, gas oils, No. 6 fuel oil, petroleum coke, and asphalt.
Valero Energy Reports Second Quarter 2011 Results
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