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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Category: Producer News

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