Alon USA Partners Comments on EPA’s Proposed Tier III Standards
DALLAS, April 8, 2013 /PRNewswire/ — Alon USA Partners, LP (NYSE: ALDW) is providing its current assessment on the EPA’s proposed regulation that gasoline contain no more than 10 parts per million of sulfur on an annual average basis.
The partnership is currently estimating that it will need to comply with the proposed Tier III standards by 2020. In order to comply, it will incur less than $10 million in capital expenditures to upgrade the ultra-low sulfur gasoline unit at the Big Spring, Texas refinery. Operating cost increases as a result of the higher desulfurization levels of gasoline are not expected to be material to the partnership’s performance.
Alon USA Partners, LP is a Delaware limited partnership formed in August 2012 by Alon USA Energy, Inc. (“Alon Energy”) to own, operate and grow our strategically located refining and petroleum products marketing business. Our integrated downstream business operates primarily in the South Central and Southwestern regions of the United States. Alon USA Partners, LP owns and operates a crude oil refinery in Big Spring, Texas with total throughput capacity of approximately 70,000 barrels per day. Alon USA Partners, LP refines crude oil into finished products, which we market primarily in West Texas, Central Texas, Oklahoma, New Mexico and Arizona through our wholesale distribution network to both Alon Energy’s retail convenience stores and other third-party distributors.
Any statements in this press release that are not statements of historical fact are forward-looking statements. Forward-looking statements reflect our current expectations regarding future events, results or outcomes. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, our business and operations involve numerous risks and uncertainties, many of which are beyond our control, which could result in our expectations not being realized or otherwise materially affect our financial condition, results of operations and cash flows. Additional information regarding these and other risks is contained in our filings with the Securities and Exchange Commission.
Contacts: Amir Barash, Vice President - IR Alon USA Partners, LP 972-367-3808 Investors: Jack Lascar/Sheila Stuewe Dennard-Lascar Associates 713-529-6600 Media: Blake Lewis Lewis Public Relations 214-635-3020 Ruth Sheetrit SMG Public Relations 011-972-547-555551
SOURCE Alon USA Partners, LP