Valero boosts expectation for 2013 RIN spend to $800 million

| July 24, 2013

In Texas, Valero expects to spend more on RINs this year than already thought as the credits continue to rise in price. The company’s latest estimate for its 2013 spend is $600 million to $800 million, up from its previous expectation of $500 million to $750 million. Even though the company is trying to boost exports to reduce its RIN requirement, it doesn’t see focusing entirely on exports as a solution to the challenge.



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