Subsidy Tracker Individual Entry

Company: 
Valero Services Inc.
Parent Company: 
Valero Energy
Subsidy Source: 
State
Location: 
Louisiana
City: 
Norco
County: 
St. Charles
Address: 
14902 River Road
Zip: 
70079
Project Description: 

Valero Services Inc. (VSI) is the affiliated employing entity for the Valero Refinery Complex located in Norco, LA. The capital assets are owned by Valero Refining-New Orleans LLC (VRNO) (NAICS 324110), Diamond Green Diesel LLC (DGD) (NAICS 324199) and Valero Partners Louisiana LLC (NAICS 486910). The project is for capital expansion at the complex to include a new renewable diesel plant, a new alkylation unit, a new fluid catalytic cracking unit, new Ship Dock #6, new boiler, new fluid catalytic cracking unit slide valves, expander upgrade, new sour water tank, and new tank construction and upgrades.

Year: 
2021
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
oil & gas
Subsidy Value: 
$32,485,776
Program Name: 
Quality Jobs Project
Awarding Agency: 
Louisiana Economic Development
Type of Subsidy: 
tax credit
Number of Jobs or Training Slots: 
1,447
Wage Data: 
$984,389,593
Wage Data Type: 
Estimated Total Payroll
Capital Investment: 
$1,901,160,440
Notes: 

Year is application board approval date. Subsidy is the sum of Estimated 10 Year Payroll Rebate and Estimated 10 Year S&U or Investment Tax Credit. Jobs is the sum of estimated 10 year new jobs, existing jobs, and estimated construction jobs, which equals the estimated total jobs. Wage data is the sum of estimated 10 year payroll, existing payroll, and estimated construction payroll, which equals the estimated total payroll. Investment data is the sum of Estimated Building And Material, Estimated Machinery And Equipment, and Estimated Labor And Engineering which equals the Total Estimated Investment.

Source Notes: 
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