UPDATE 3-Valero, others win VeraSun assets-source

* Valero wins two VeraSun plants and silo at auction

* Other bidders win other VeraSun assets

* ADM bid, but did not acquire any VeraSun assets (Updates headline)

By Emily Chasan and Michael Erman

NEW YORK, March 17 (Reuters) - U.S. refiner Valero Energy Corp (VLO.N) has won an auction for two plant facilities and a silo of bankrupt ethanol maker VeraSun Energy Corp VSUNQ.OB, a person familiar with the process said on Tuesday.

Other assets of the company were won by several other bidders that emerged during a two-day auction that began on Monday, said the source.

VeraSun has previously said it sought to sell all of its ethanol plants and operations in separate or combined deals at the auction.

Archer Daniels Midland Co (ADM.N) made a competing bid for some of VeraSun's assets at the auction, according to people familiar with the matter, but did not acquire any.

The sources asked for anonymity because the auction process is not public.

ADM said in a statement on Tuesday that it "participated in the process, but did not acquire any assets" of VeraSun.

Valero had been the "stalking horse" bidder at the auction, and was entitled to make the lead bid. In February, Valero said it would bid $280 million for five of VeraSun's production facilities, subject to the bankruptcy court auction process.

Valero declined to comment on the auction. A court hearing to approve the winning bids is set for Wednesday.

VeraSun was the biggest U.S. publicly traded ethanol maker when it filed for bankruptcy protection in October. The company faced a cash crunch after locking in costly contracts for corn, the main ingredient for ethanol in the United States.

Investment bank Rothschild acted as investment banker for VeraSun. VeraSun is being represented in bankruptcy by lawyers at Skadden Arps Slate Meagher & Flom. It's official committee of unsecured creditors is being represented by Akin Gump Strauss Hauer & Feld, and its debtor-in-posession lenders are represented by Cadwalader Wickersham & Taft.

The case is In re: VeraSun Energy Corp, U.S. Bankruptcy Court, District of Delaware, No. 08-12606. (Additional reporting by Karl Plume in Chicago; Editing by Tim Dobbyn)