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News Article | December 2, 2016
Site: globenewswire.com

SAN ANTONIO, Dec. 02, 2016 (GLOBE NEWSWIRE) -- Valero Energy Partners LP (NYSE:VLP) (the “Partnership”) today announced that it has priced a public offering of $500,000,000 aggregate principal amount of 4.375% senior notes due 2026. The offering is expected to close on December 9, 2016, subject to customary closing conditions. The Partnership intends to use the net proceeds from the offering for general partnership purposes, which may include, among other things, paying or refinancing all or a portion of its indebtedness outstanding under its senior unsecured revolving credit facility and funding working capital, capital expenditures or acquisitions. J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC, PNC Capital Markets LLC, SMBC Nikko Securities America, Inc., SunTrust Robinson Humphrey, Inc. and U.S. Bancorp Investments, Inc. acted as joint book-running managers for the notes offering. The notes were offered and sold pursuant to an effective shelf registration statement that was previously filed with the Securities and Exchange Commission (the “SEC”). This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The offering is being made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. When available, copies of the prospectus supplement and accompanying base prospectus relating to the offering may be obtained for free by visiting EDGAR on the SEC website at www.sec.gov or by sending a request to J.P. Morgan Securities LLC by phone at 1-212-834-4533, by mail at 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor; Merrill Lynch, Pierce, Fenner & Smith Incorporated by phone at 1-800-294-1322, by mail at 200 North College Street, NC1-004-03-43, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, or by email at dg.prospectus_requests@baml.com; and Morgan Stanley & Co. LLC by phone at 1-800-624-1808 or 212-761-1057, by mail at 180 Varick Street, New York, New York 10014, or by email at prospectus@morganstanley.com. Valero Energy Partners LP is a fee-based master limited partnership formed by Valero Energy Corporation to own, operate, develop and acquire crude oil and refined products pipelines, terminals and other transportation and logistics assets. With headquarters in San Antonio, the Partnership’s assets include crude oil and refined petroleum products pipeline and terminal systems in the Gulf Coast and Mid-Continent regions of the United States that are integral to the operations of 10 of Valero’s refineries.


Grant
Agency: European Commission | Branch: FP7 | Program: JTI-CSA-FCH | Phase: SP1-JTI-FCH.2013.5.2 | Award Amount: 1.44M | Year: 2014

KnowHY aims to provide the FC&H2 sector with a training offer for technicians and workers featuring quality in contents, accessibility in format and language, practicality for the targeted audience, ease of scalability and update, and at competitive costs which make the training offer economically sustainable after project completion. Thanks to this project both OEMs as well as professionals can rely on third parties to provide a sound and effective first training, covering the understanding of the technology, safety and regulatory aspects and the practical theoretical as well as hands on contents. The Consortium consists of partners from European countries covering 7 of the most usual languages, as English, German, French, Italian, Spanish, Portuguese and Dutch. Most of the partners combine a large experience in FC&H2 technologies and training or education, whereas FSV features an exceptional experience in developing e-learning training contents and courses. The targeted audience technicians, workers and professionals in general with a practical knowledge in installation, maintenance and operation of hydrogen and fuel cell applications. Customized courses and modules will target individual applications as residential CHP, FCEV, HRS, distributed generation, or back-up systems, adapted from country to country and form sector to sector but preserving homogeneity. KnowHy will take into consideration the findings of previous projects as HyProfessionals, TrainHy and H2-training. The following actions are planned: - Developing an online tool for accessing to the training contents via web. - Developing specific courses adapted to the different applications addressed and translating them in the required languages. There will be different levels of knowledge. - Carrying out practical seminars in existing facilities, such as demo projects, or labs adapted to the training. - Dissemination among FCH-JU stakeholders, OEMS, education authorities, and the potential users.


Grant
Agency: European Commission | Branch: FP7 | Program: JTI-CSA-FCH | Phase: SP1-JTI-FCH.2009.5.1 | Award Amount: 432.12K | Year: 2011

Todays technicians and students are the next generation of potential fuel cell users and designers, and education now is a critical step towards the widespread acceptance and implementation of hydrogen fuel cell technology in the near future. Development of training initiatives for technical professionals will be started aiming to secure the required mid- and long-term availability of human resources for hydrogen technologies. The future initiatives have to be carried out for various educational levels and including industry, SMEs, educational institutions and Authorities. Coordination and cooperation are key factors to fulfil the objective: develop a well-trained work-force which will support the technological development. Contact with other educational programs like Leonardo will be sought.


Patent
Valero | Date: 2016-04-20

The invention refers to a power trim motor shaft protector (1) including a shaft (21, 22, 23) and a cover (24, 25, 26). The protector includes a coupling set and bellows. The coupling set submits a main through hole for the passage of a part of the shaft (21, 22, 23) through that main hole, also including a contact zone at the coupling set, assigned to be united at a cover, and a coupling area. The contact zone is made of electrically isolated material. The bellows (4) contain one end adequate to be joined tightly to the coupling zone of the coupling set, and another end adequate to be in contact with the extreme end of the shaft, in such way the interior of the bellows (4) is protected from water.


Patent
Valero and Forssberg | Date: 2010-08-18

Dexterity device for monitoring, diagnosing, and training a persons dexterity, comprising first and second end parts connected together by a compression means. During use the device is held between one or many fingers being in contact with the end parts, and the end parts are then pressed towards each other resulting in a compression of the compression means. The device further comprises sensor means arranged at one or both end parts at the surfaces intended to be in contact with the fingers during use of the device. The sensor means is adapted to sense and measure the forces applied to the end parts and/or the motions of the end parts, wherein the sensor means is adapted to generate sensor signals in dependence of measured forces and/or motions. The sensor signals are applied to a processing unit for monitoring, diagnosing or training purposes based upon said sensor signals.


Grant
Agency: European Commission | Branch: H2020 | Program: MSCA-ITN-EID | Phase: MSCA-ITN-2016 | Award Amount: 2.12M | Year: 2016

Advances in cancer diagnosis and treatment have been groundbreaking, and we are now considering some cancers as chronic disease rather than fatal illness. This moves the point of focus in the fight against cancer from sustaining life towards maximizing functional capacity and quality of life (QOL). A critical element in this shift has been the rise of active rehabilitation in the management of cancer. In the past 10-15 years we have seen the emergence of significant evidence for the clinical effectiveness of active rehabilitation in cancer care, both in maximizing functional capacity and QOL, and preventing secondary recurrence. However, many barriers to implementation of active rehabilitation in cancer care exist due to its profound physical and psychological implications. Technology advances such as gamification based on biofeedback, and neuromuscular electrical stimulation, can help address some of these barriers but much must be done before we can effectively marry the technological capability to the unmet clinical need. In particular we need to understand specific challenges and patient journeys associated with cancer care and how we can help patients to leverage psychological tools to better engage in their own care. We then need to optimize technological tools to meet patients rehabilitation needs, and finally, to understand how to bring resultant solutions to market where they can have maximal impact on quality of care. This can only be done by a multidisciplinary programme of research involving close collaboration between researchers in academic, clinical and industry settings. CATCH is a deep collaboration across academic, business and clinical sectors. Students will benefit from intersectoral secondments, interdisciplinary communication skills, public engagement and outreach while working on a programme of interrelated core research projects addressing gaps in the knowledge and evidence base for technology enabled cancer rehabilitation mentioned above.


SAN ANTONIO, Dec. 19, 2016 (GLOBE NEWSWIRE) -- Valero Energy Partners LP (NYSE:VLP) today announced that it will host a conference call on February 2, 2017 at 10:00 a.m. ET to discuss fourth quarter earnings results, which will be released earlier that day, and provide an update on partnership operations.  Persons interested in listening to the presentation live via the internet may log on to Valero Energy Partner’s web site at www.valeroenergypartners.com. About Valero Energy Partners LP Valero Energy Partners LP is a fee-based master limited partnership formed by Valero Energy Corporation to own, operate, develop and acquire crude oil and refined products pipelines, terminals and other transportation and logistics assets.  With headquarters in San Antonio, the Partnership’s assets include crude oil and refined petroleum products pipeline and terminal systems in the Gulf Coast and Mid-Continent regions of the United States that are integral to the operations of 10 of Valero’s refineries.  Please visit www.valeroenergypartners.com for more information.


SAN ANTONIO, Feb. 14, 2017 (GLOBE NEWSWIRE) -- Valero Energy Corporation (NYSE:VLO) today announced that Joe Gorder, Chairman, President, and Chief Executive Officer of Valero Energy Corporation will present at the Bank of America Merrill Lynch Refining Conference on Thursday, March 2, 2017 at 9:30 a.m. Eastern Time.    A live audio webcast of these remarks, along with the associated slides, will be accessible via Valero’s website at www.valero.com.  A replay of the presentation will be available on Valero’s website. About Valero  Valero Energy Corporation, through its subsidiaries, is an international manufacturer and marketer of transportation fuels, and other petrochemical products.  Valero subsidiaries employ approximately 10,000 people, and its assets include 15 petroleum refineries with a combined throughput capacity of approximately 3 million barrels per day, 11 ethanol plants with a combined production capacity of 1.4 billion gallons per year, and renewable diesel production from a joint venture. Through subsidiaries, Valero owns the general partner of Valero Energy Partners LP (NYSE:VLP), a midstream master limited partnership.  Approximately 7,500 outlets carry the Valero, Diamond Shamrock, Shamrock, and Beacon brands in the United States; Ultramar in Canada; and Texaco in the United Kingdom and Ireland.  Valero is a Fortune 500 company based in San Antonio. Please visit www.valero.com for more information.


News Article | October 27, 2016
Site: globenewswire.com

SAN ANTONIO, Texas, Oct. 27, 2016 (GLOBE NEWSWIRE) -- Valero Energy Partners LP (NYSE:VLP) (the “Partnership”) today reported third quarter 2016 net income attributable to partners of $52 million, or $0.77 per common limited partner unit.  Earnings before interest, income taxes, depreciation, and amortization (“EBITDA”) attributable to the Partnership was $66 million, and distributable cash flow was $62 million.  VLP’s distribution coverage ratio for the third quarter was 1.9x. “We continued to operate safely and reliably in the third quarter, generating strong earnings and distribution growth,” said Joe Gorder, Chairman and Chief Executive Officer of VLP’s general partner.  “We successfully integrated the operations of the Meraux and Three Rivers terminals into our system and remain on track to grow distributions at a target annual rate of 25 percent through 2017.” Earlier this week, the board of directors of VLP’s general partner declared a third quarter 2016 cash distribution of $0.385 per unit, representing a 5.5 percent increase from the second quarter of 2016. Financial Results Revenues were $92 million for the third quarter of 2016.  Operating expenses were $24 million, general and administrative expenses were $4 million, and depreciation expense was $11 million.  Revenues for the Partnership were higher in the third quarter of 2016 compared to the third quarter of 2015 primarily due to contributions from the Corpus Christi terminals, which were acquired on October 1, 2015; the McKee terminal, which was acquired on April 1, 2016; and the Meraux and Three Rivers terminals, which were acquired on September 1, 2016. The Partnership completed the Meraux and Three Rivers Terminal Services Business acquisition from a subsidiary of Valero Energy Corporation for total consideration of $325 million.  The acquired business is expected to contribute approximately $39 million of EBITDA in its first 12 months of operations.  The Partnership entered into 10-year terminaling agreements with a subsidiary of Valero that include minimum volume commitments covering approximately 85 percent of planned throughput. “We completed our drop-down transaction target for the year,” said Gorder.  “Growing the Partnership through opportunistic drop downs and the development of logistics projects that support Valero’s operations or provide third-party revenue remain priorities for us.” Liquidity and Financial Position As of September 30, 2016, the Partnership had $261 million of total liquidity consisting of $35 million of cash and cash equivalents and $226 million available on its revolving credit facility.  Capital expenditures attributable to the Partnership in the third quarter of 2016 totaled $3 million, which includes $1 million for expansion and $2 million for maintenance. The Partnership expects 2016 capital expenditures to be approximately $22 million, slightly higher than previous guidance.  Of the total, $11 million is allocated for expansion, and the balance is for maintenance. Conference Call The Partnership’s senior management will host a conference call at 10 a.m. ET today to discuss this earnings release.  A live broadcast of the conference call will be available on the Partnership’s website at www.valeroenergypartners.com. About Valero Energy Partners LP Valero Energy Partners LP is a fee-based master limited partnership formed by Valero Energy Corporation to own, operate, develop and acquire crude oil and refined products pipelines, terminals and other transportation and logistics assets.  With headquarters in San Antonio, the Partnership’s assets include crude oil and refined petroleum products pipeline and terminal systems in the Gulf Coast and Mid-Continent regions of the United States (“U.S.”) that are integral to the operations of 10 of Valero’s refineries.  Please visit www.valeroenergypartners.com for more information. Safe-Harbor Statement This release contains forward-looking statements within the meaning of federal securities laws. These statements discuss future expectations, contain projections of results of operations or of financial condition or state other forward-looking information. You can identify forward-looking statements by words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “project,” “could,” “may,” “should,” “would,” “will” or other similar expressions that convey the uncertainty of future events or outcomes. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the Partnership’s control and are difficult to predict. These statements are often based upon various assumptions, many of which are based, in turn, upon further assumptions, including examination of historical operating trends made by the management of the Partnership. Although the Partnership believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies, which are difficult or impossible to predict and are beyond its control, the Partnership cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions.  When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements contained in the Partnership’s filings with the SEC, including the Partnership’s annual reports on Form 10-K and quarterly reports on Form 10-Q available on the Partnership’s website at www.valeroenergypartners.com. These risks could cause the Partnership’s actual results to differ materially from those contained in any forward-looking statement. Use of Non-GAAP Financial Information This earnings release and the accompanying earnings release tables include financial measures that are not defined under U.S. generally accepted accounting principles (“GAAP”). These non-GAAP financial measures include “EBITDA,” “distributable cash flow,” and “distribution coverage ratio.”  We have included these non-GAAP financial measures to help facilitate the comparison of operating results between periods.  See the accompanying earnings release tables for a reconciliation of these non-GAAP measures to their most directly comparable U.S. GAAP measures.  In note (k) to the earnings release tables, we disclose the reasons why we believe our use of the non-GAAP financial measures provides useful information. The following tables present our statements of income for the three and nine months ended September 30, 2015. Our financial results have been adjusted for the acquisitions of the Corpus Christi Terminal Services Business, the McKee Terminal Services Business, and the Meraux and Three Rivers Terminal Services Business. See Note (a) of Notes to Earnings Release Tables for a discussion of the basis of this presentation. (a) References to “Partnership,” “we,” “us,” or “our” refer to Valero Energy Partners LP, one or more of its subsidiaries, or all of them taken as a whole. For businesses that we acquired from Valero, those terms refer to Valero Energy Partners LP Predecessor, our Predecessor for accounting purposes. References in these notes to “Valero” may refer to Valero Energy Corporation, one or more of its subsidiaries, or all of them taken as a whole, other than Valero Energy Partners LP, any of its subsidiaries, or its general partner. Effective September 1, 2016, we acquired the Meraux and Three Rivers Terminal Services Business from Valero for total consideration of $325.0 million consisting of (i) cash of $276.0 million and (ii) the issuance of 1,149,905 common units representing limited partner interests in us and 23,467 general partner units representing general partner interests in us having an aggregate value, collectively, of $49.0 million. We funded the cash distribution to Valero with $66.0 million of our cash on hand and $210.0 million of borrowings under our revolving credit facility. We began receiving fees for services provided by this business commencing on September 1, 2016. Effective April 1, 2016, we acquired the McKee Terminal Services Business from Valero for total consideration of $240.0 million consisting of (i) cash of $204.0 million and (ii) the issuance of 728,775 common units representing limited partner interests in us and 14,873 general partner units representing general partner interests in us having an aggregate value, collectively, of $36.0 million. We funded the cash distribution to Valero with $65.0 million of our cash on hand and $139.0 million of borrowings under our revolving credit facility. We began receiving fees for services provided by this business commencing on April 1, 2016. Effective October 1, 2015, we acquired the Corpus Christi Terminal Services Business from Valero for total consideration of $465.0 million and began receiving fees for services provided by this business commencing on October 1, 2015. Each acquisition was accounted for as the transfer of a business between entities under the common control of Valero. Accordingly, the statement of income data, operating highlights, and capital expenditures data have been retrospectively adjusted to include the historical results of operations of the acquired businesses for periods prior to their dates of acquisition. (b) In addition to the businesses described in Note (a), we acquired the Houston and St. Charles Terminal Services Business from Valero effective March 1, 2015. Prior to being acquired by us, these businesses did not charge Valero for services provided and did not generate revenues. Effective with the date of each acquisition, we entered into additional schedules to our commercial agreements with Valero with respect to the services we provide to Valero using the assets of the acquired businesses. This resulted in new charges for terminaling services provided by these assets. (c) The decrease in operating expenses in the three months ended September 30, 2016 compared to the three months ended September 30, 2015 was due primarily to lower maintenance expense of $2.3 million related to inspection activity and lower waste handling costs of $449,000 at the Corpus Christi terminals. The decrease in operating expenses in the nine months ended September 30, 2016 compared to the nine months ended September 30, 2015 was due primarily to lower maintenance expense of $5.2 million at the Corpus Christi terminals related to inspection activity. Additionally, waste handling costs at the Corpus Christi and St. Charles terminals decreased $2.3 million in the nine months ended September 30, 2016. (d) The increase in general and administrative expenses in the three months ended September 30, 2016 compared to the three months ended September 30, 2015 was due primarily to incremental costs of $221,000 related to the management fee charged to us by Valero related to our acquisitions of the Corpus Christi Terminal Services Business, the McKee Terminal Services Business, and the Meraux and Three Rivers Terminal Services Business. The increase in general and administrative expenses in the nine months ended September 30, 2016 compared to the nine months ended September 30, 2015 was due primarily to incremental costs of $714,000 related to the management fee charged to us by Valero related to our acquisitions of the Corpus Christi Terminal Services Business, the McKee Terminal Services Business, and the Meraux and Three Rivers Terminal Services Business, and an increase of $624,000 in costs related to being a separate publicly traded limited partnership. These increases were offset by lower transaction costs of $164,000 associated with the acquisition of businesses from Valero. (e) The decrease in depreciation expense in the three months ended September 30, 2016 compared to the three  months ended September 30, 2015 was due primarily to $2.8 million in accelerated depreciation related to the retirement of certain assets of the McKee Crude System in the third quarter of 2015, partially offset by an increase in depreciation expense on assets placed into service in the latter part of 2015 and the beginning of 2016, including expansion and improvement projects at our Houston and Meraux terminals. The decrease in depreciation expense in the nine months ended September 30, 2016 compared to the nine months ended September 30, 2015 was due primarily to $2.8 million in accelerated depreciation related to the retirement of certain assets of the McKee Crude System in the third quarter of 2015, partially offset by an increase in depreciation expense on assets placed into service in the latter part of 2015 and the beginning of 2016, including expansion and improvement projects at our Corpus Christi, St. Charles, and Meraux terminals. (f) The increase in “interest and debt expense, net of capitalized interest” in the three and nine months ended September 30, 2016 compared to the three and nine months ended September 30, 2015 was due primarily to interest expense incurred on borrowings under our revolving credit facility and under the subordinated credit agreements with Valero entered into in connection with the acquisitions described in Note (a) as well as the Houston and St. Charles Terminal Services Business acquisition on March 1, 2015. Interest expense on these incremental borrowings was approximately $1.9 million and $5.2 million in the three and nine months ended September 30, 2016, respectively. (g) Our income tax expense is associated with the Texas margin tax. During the nine months ended September 30, 2015, we reduced our deferred income tax liabilities due to a reduction in the relative amount of revenue we generate in Texas compared to our total revenue. This reduction was a result of the acquisition of the Houston and St. Charles Terminal Services Business on March 1, 2015 (which includes operations in Louisiana). In addition, in June 2015, the Texas margin tax rate was reduced from 1 percent to 0.75 percent. During the nine months ended September 30, 2016, the relative amount of revenue we generate in Texas increased in connection with the acquisitions of the Corpus Christi Terminal Services Business, the McKee Terminal Services Business, and the Meraux and Three Rivers Terminal Services Business. As a result, our income tax expense has increased. (h) The requirements under the partnership agreement for the conversion of all of our outstanding subordinated units into common units were satisfied upon the payment of our quarterly cash distribution on August 9, 2016. Therefore, effective August 10, 2016, all of our subordinated units, which were owned by Valero, were converted on a one-for-one basis into common units. The conversion of the subordinated units does not impact the amount of cash distributions paid or the total number of outstanding units. The subordinated units were only allocated earnings generated by us through the conversion date. (i) Represents the sum of volumes transported through each separately tariffed pipeline segment divided by the number of days in the period. (j) Management uses average revenue per barrel to evaluate performance and compare profitability to other companies in the industry. There are a variety of ways to calculate average revenue per barrel; different companies may calculate it in different ways. We calculate average revenue per barrel as revenue divided by throughput for the period. Throughput is derived by multiplying the throughput barrels per day (BPD) by the number of days in the period. Investors and analysts use this financial measure to help analyze and compare companies in the industry on the basis of operating performance. (k) Defined terms are as follows: These terms are not defined under United States (U.S.) generally accepted accounting principles (GAAP) and are considered non-GAAP measures. Management has defined these terms and believes that the presentation of the associated measures is useful to external users of our financial statements, such as industry analysts, investors, lenders, and rating agencies, to: We believe that the presentation of EBITDA provides useful information to investors in assessing our financial condition and results of operations. The U.S. GAAP measures most directly comparable to EBITDA are net income and net cash provided by operating activities. EBITDA should not be considered an alternative to net income or net cash provided by operating activities presented in accordance with U.S. GAAP. EBITDA has important limitations as an analytical tool because it excludes some, but not all, items that affect net income or net cash provided by operating activities. EBITDA should not be considered in isolation or as a substitute for analysis of our results as reported under U.S. GAAP. Additionally, because EBITDA may be defined differently by other companies in our industry, our definition of EBITDA may not be comparable to similarly titled measures of other companies, thereby diminishing its utility. We use distributable cash flow to measure whether we have generated from our operations, or “earned,” an amount of cash sufficient to support the payment of the minimum quarterly distributions. Our partnership agreement contains the concept of “operating surplus” to determine whether our operations are generating sufficient cash to support the distributions that we are paying, as opposed to returning capital to our partners. Because operating surplus is a cumulative concept (measured from our initial public offering (IPO) date and compared to cumulative distributions from the IPO date), we use the term distributable cash flow to approximate operating surplus on a quarterly or annual, rather than a cumulative, basis. As a result, distributable cash flow is not necessarily indicative of the actual cash we have on hand to distribute or that we are required to distribute. We use the distribution coverage ratio to reflect the relationship between our distributable cash flow and the total distribution declared.


News Article | February 27, 2017
Site: globenewswire.com

SAN ANTONIO, Feb. 27, 2017 (GLOBE NEWSWIRE) -- Valero Energy Partners LP (NYSE:VLP), (the “Partnership”) has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2016 with the U.S. Securities and Exchange Commission (SEC).  The filing can be viewed through a link on the Partnership’s website at www.valeroenergypartners.com or on the SEC’s website at www.sec.gov.  The Partnership’s unitholders may also request a printed copy of the report, which contains the Partnership’s audited financial statements.  Requests should be emailed to investorrelations@valeroenergypartners.com or submitted in writing to: About Valero Energy Partners LP Valero Energy Partners LP is a fee-based master limited partnership formed by Valero Energy Corporation to own, operate, develop and acquire crude oil and refined products pipelines, terminals, and other transportation and logistics assets. With headquarters in San Antonio, the Partnership’s assets include crude oil and refined petroleum products pipeline and terminal systems in the Gulf Coast and Mid-Continent regions of the United States that are integral to the operations of 10 of Valero’s refineries. Please visit www.valeroenergypartners.com for more information.

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