VALERO ENERGY WILL INVEST IN THE ENHANCEMENT OF THE SAINT-LAURENT STREET AREA IN LÉVIS

Lévis, June 11, 2015 - Further to a recommendation made by the community liaison committee, Valero Energy will invest at least $5 million to enhance its facilities in the Saint-Laurent Street area in Lévis. The company will proceed with enhancement initiatives taken directly from proposals formulated by the enhancement working group to the
liaison committee.
 

Valero Energy intends to begin work by painting a giant fresco on the tanks located close to the dock of the refinery’s marine terminal. Secondly, it intends to build a permanent access structure under the pipes in the Saint-Laurent Street area. This will allow avoiding temporary scaffolding, a major irritant expressed by citizens in the area.

The enhancement working group was established in January 2014 and was made up of citizens, municipal elected officials and engineering experts. Its mandate was to perform a study that  ompared various enhancement and burial options in the Saint-Laurent street area. The in-depth study conducted by the working group confirms that the various proposed burial scenarios do not meet the expectations of all area residents in terms of tranquility and quality of life, as revealed by a study that the working group did last summer with its citizens. Each of the burial options reviewed meant years of work, disruptions and major nuisances that the citizens would have to put up with. The burial options do not provide significant operations and risk management benefits, as compared with the various enhancement alternatives that were looked at, which involve innovative, sustainable and structuring solutions for the citizens in the Saint-Laurent Street area. Valero Energy announces its decision today at the end of this major consultation process.

 

About Valero Energy

Valero Energy Corporation, through its subsidiaries, is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. Valero subsidiaries employ approximately 10,000 people in the United States, Canada, the Caribbean, the United Kingdom and Ireland. Assets include 15 petroleum refineries with a combined throughput capacity of approximately 2.9 million barrels per day, 11 ethanol plants with a total production capacity of 4.9 billion litres per year, a 50-megawatt wind farm, and renewable diesel production from a joint venture. Through Valero Energy Inc., its wholly owned subsidiary in Canada, it owns and operates the Jean Gaulin refinery in Lévis, which has a refining capacity of some 265,000 barrels per day, along with several other logistics infrastructures in Eastern Canada, including the Montreal East oil terminal, the most important of its kind in Canada, and the Pipeline Saint-Laurent that links the Lévis refinery and its Montreal facilities. Its Canadian operations also make it a leader, among others, in the field of industrial and commercial sales of petroleum products, and as a supplier to resellers and independent distributors, as well as Ultramar and Valero branded distributors.

- 30 –


Source : Valero Energy Inc.
Information: Julie Cusson, Director – Public and Government Affairs
Telephone: (514) 982-8211