Valero sees $1.4 billion loss in 2020 FacebookTwitterEmail 1of2 The Valero Energy Corp. Houston refinery stands in Houston, Texas, U.S., on Sunday, March 8, 2020. Photographer: Sharon Steinmann/BloombergSharon Steinmann /BloombergShow MoreShow Less 2of2 The Valero refinery near Port Arthur, Texas will see a new renewable diesel production facility come online in 2023. The facility will produce 470 million gallons of renewable diesel at the site per year. JOHN DAVENPORT / STAFFJOHN DAVENPORT /STShow MoreShow Less Valero Energy Corp. said Thursday that it lost $359 million in the fourth quarter of 2020, capping an ugly year for the San Antonio refiner in which the pandemic demolished the demand for fuel.