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Valero, Long a Critic of Ethanol Law, Joins U.S. Biofuels Group

A subsidiary of Valero Energy Corp., a long-time critic of America’s ethanol mandate, has joined the Renewable Fuels Association, one of the industry’s biggest trade groups.

The move, which was announced in a joint statement Monday, shows how even reluctant fuel producers are positioning themselves to take advantage of growing demand. Last week, the U.S. Environmental Protection Agency issued record 2017 biofuel consumption quotas.

Valero Renewable Fuels Company LLC is a unit of San Antonio, Texas-based Valero, the largest independent U.S. oil refiner and one of the four biggest ethanol producers. The company grew its biofuel...