Valero Energy Corporation - Divestitures

Divestitures

Valero Energy reached an agreement to sell the assets of its terminal operation and discontinue operations in Delaware City to the wholly owned subsidiaries of PBF Energy – Delaware City Refining and Delaware Pipeline – for approximately $220 million in 2010.

Shortly after the divestiture of Delaware City, the company sold its Paulsboro, New Jersey refinery to PBF Energy, as well. The sale concluded Valero's refinery ownership on the East Coast.