Valero's ethanol segment includes its ethanol operations, associated marketing activites and logistics assest that support its ethanol operations. Through subsidiaries, Valero owns 11 ethanol plants in the Mid-Continent region of the United States with a combined production capacity of approximately 1.4 billion gallons per year. Valero sells ethanol primarily to refiners and gasoline blenders under term and spot contracts in the wholesale bulk markets. The ethanol is distributed through logistics assets, which include railcars owned by Valero.
