BENICIA — The Valero oil refinery complex in Solano County could be redeveloped as a result of an assessment of the site that the energy company and Bay Area real estate firm Signature Development have just launched.

“We are pleased to work with Valero to evaluate redevelopment opportunities for the Benicia refinery property,” said Mike Ghielmetti, president of Oakland-based Signature Development Group.

The future of the 900-acre property in Benicia turned murky after Valero Energy Corp. announced its subsidiary, Valero Refining Company-California, had notified the state Energy Commission of its “intent to idle, restructure, or cease refining operations at Valero’s Benicia Refinery.”

Valero is evaluating strategic options for its California assets, including the Benicia refinery and another refinery in the Los Angeles neighborhood of Wilmington.

Signature Development Group has been involved with other development efforts in the Bay Area.

Those projects include the Brooklyn Basin project along Oakland’s waterfront; the Ruby Hills housing and golf course neighborhood in Pleasanton; and Willow Village, a new Menlo Park neighborhood to replace an office and research campus near the main headquarters of Meta Platforms.

“Signature Development Group has extensive knowledge and experience in the Bay Area, especially working collaboratively with communities on large, complex redevelopment projects,” the company stated.

The Valero site includes scenic hills and views of the Carquinez Straits that wend their way past the shores of Solano County and Contra Costa County.

“We look forward to collaborating and coordinating with the city of Benicia, neighboring property owners and the broader community as we explore potential redevelopment of the site and plan for its future,” Ghielmetti said.