The San Antonio Business Journal reports that Valero will spend $730 million to upgrade its refineries in Houston and Corpus Christi to process more Eagle Ford crude. The company will spend $390 million in Houston and $340 million in Corpus Christi. Valero said it plans to have the upgrades done by the end of next year.
The San Antonio-based company is also planning to spend $700 million to build a methanol unit at its Norco, La., facility.
