Calumet Specialty Products Partners, L.P. Comments on EPA’s Proposed Tier III Standards
INDIANAPOLIS, April 10, 2013 /PRNewswire/ — Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) (“Calumet” or the “Partnership”) 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 by January 1, 2017. Calumet’s current facilities which produce gasoline do so in accordance with current regulatory standards and the Partnership intends to fully comply with any updated standards. The Partnership’s current assessment is that the proposed updated standards are not expected to have a material financial impact to Calumet. Calumet’s preliminary assessments of its operations indicate that capital spending requirements, if any, will be immaterial to comply with the proposed updated standards.
Calumet is a master limited partnership and is a leading independent producer of high-quality, specialty hydrocarbon products in North America. Calumet processes crude oil and other feedstocks into customized lubricating oils, solvents and waxes used in consumer, industrial and automotive products. Calumet also produces fuel products including gasoline, diesel and jet fuel. Calumet is based in Indianapolis, Indiana and has eleven facilities located in northwest Louisiana, northwest Wisconsin, northern Montana, western Pennsylvania, Texas and eastern Missouri. This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in Calumet’s Annual Report on Form 10-K and other reports filed by Calumet from time to time with the Securities and Exchange Commission. Calumet undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
SOURCE Calumet Specialty Products Partners, L.P.