History

Significant dates in the company's history

Since beginning its refining and marketing activities in Canada in 1961, under the name of Ultramar, the company has not looked back. Here are a few of the notable moments in our history:

1961: Operations begin in Newfoundland as Golden Eagle, both as the company’s name and emblem

1971: Inauguration of the Lévis (Saint-Romuald) refinery

1979: Acquisition of CFM (Canadian Fuel Marketers)

1983: Acquisition of Spur stations and inauguration of the catalytic cracker at the Lévis Refinery

1986: Acquisition of Gulf’s assets in Eastern Canada

1989: Increase in refining capacity to 130,000 barrels (or 20.7 million litres) a day and addition of isomerization and desulphurization units

1990: Acquisition of Texaco’s assets in the Atlantic provinces

1994: Acquisition of Sergaz stations

1995: Launch of the Corner Store network

1996: Acquisition of Sunoco stations in Quebec and introduction of a new mode of transportation: the unit train

1997: Production of jet fuel starts

2001: The Lévis (Saint-Romuald) Refinery changes its name to the Jean Gaulin Lévis Refinery

2001: The company becomes a wholly owned subsidiary of Valero Energy Corporation , trading on the New York Stock Exchange under the symbol VLO.

2002: Increase in refining capacity to more than 215,000 barrels (or 34 million litres) a day

2004: Implementation of a gasoline desulphurization process to reduce sulphur content to 30 ppm

2006: Implementation of a diesel desulphurization process to reduce sulphur content to 15 ppm

2008: Refining capacity exceeds more than 265,000 barrels (or 41.5 million litres) a day

2013: Becomes Valero Energy Inc., after parent company spins off its retail sales operation to independent company operating Ultramar-branded stores, cardlock sites and home-heating business