2025 Valero Report on Guiding Principles - Flipbook - Page 16
GHG Emissions
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Total Reductions and Displacements
32.3
In 2022, three years ahead of schedule, we
achieved our 2025 GHG emissions target to
reduce and displace the equivalent to 63%
of the tonnage from our global re昀椀nery GHG
emissions (Scopes 1 and 2). In 2023 and again
in 2024, we continued to exceed this target.
Million Metric
Tons CO2e
2025 Short-Term Target
63%
Target
Re昀椀nery GHG Emissions
in 2011 (Scopes 1 & 2)
2024
2035 Medium-Term Target
Our GHG emissions target re昀氀ects our industry leading strategy in low-carbon fuels development. Re昀椀nery absolute
reductions and our low-carbon projects are expected to generate reductions and displacements equivalent to 100% of the
tonnage from our global re昀椀nery GHG emissions (Scopes 1 and 2) by 2035. Each component below showcases our strategy:
Reductions
32.3
Displacements
Carbon
Capture
2.4
4 .2
100%
Million Metric
Tons CO2e
11 . 1
10 .9
3.7
Refinery GHG
Emissions in 2011
(Scopes 1 & 2)
Absolute Emissions
Reductions
(Scopes 1 & 2)
2035 GHG
Emissions
Displaced by
Ethanol
Production
2035 GHG
2035 GHG Emissions
Emissions
Displaced by
Displaced by
Renewable
Diesel/Renewable Global Blending of
and Credits from
Naphtha/SAF
Low-Carbon Fuels
Production
2035 GHG
Emissions
Reduced by
Carbon Capture
and Storage
2050 Long-Term Ambition
By 2050, Valero has an ambition to reduce and displace more than 45 million metric tons CO2e with absolute reductions
from re昀椀nery operations and energy use, displacements from low-carbon fuels production and blending, and carbon
storage and sequestration projects.
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