In rare move, California steps in to find buyer for Valero refinery to avoid closure, sources say

July 24, 2025

NEW YORK (Reuters) -California government officials are trying to find a buyer for Valero Energy’s Benicia refinery near San Francisco, three sources familiar with the matter said, an unusual effort as the clock ticks down on the company’s planned closure of the facility in April.

Sign Up. Be Informed.

First Name*
Last Name*
Email Address*
Address*
ZIP Code
Phone Number
What tea publication would you like to subscribe to*
- Select All
- Afternoon TEA (blog sent every other Monday)
- TEA Takes (opinion column sent every Wednesday)
- Common Sense Energy (newsletter sent every Friday)
This field is hidden when viewing the form
Subscribe
- Subscribe to our weekly energy newsletter
CAPTCHA

Paid for by The Empowerment Alliance