Interline Resources Receives EPA Small Refinery Exemption Status
Posted on: Monday, 25 June 2007, 09:05 CDT
ALPINE, Utah, June 25 /PRNewswire-FirstCall/ -- Interline Resources Corporation (Pink Sheets: IRCE) Interline Resources has received small refiners status from the EPA effective June 20, 2007 for the 4,000 b/d refinery it intends to rebuild at its Douglas, Wyoming facility. As announced in May, Northcut Refining, LLC, was formed to rebuild and operate the refinery to take advantage of low refining capacity in Wyoming and strong refining margins for the high sulfur diesel the refinery intends to produce. According to Michael Williams, CEO of Interline, "Almost all refineries must now meet very low sulfur specifications for their diesel products. This requires very expensive processing equipment. Because the Douglas facility has been classified as a small refiner by the EPA, the sulfur specifications are not as stringent, and we do not have to install the expensive de-sulferzation equipment. This really reduces our capital and operating costs." Under the EPA rules, Northcut Refining will be able to produce 500 ppm sulfur diesel until 2014 for sale to most off road users. After 2014 the diesel can be sold to the locomotive market.
Note: The statements released by Interline that are not purely historical are considered to be forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements invoke risk and uncertainties and the company's actual results could differ materially from those in such forward-looking statements.
Interline Resources Corporation
CONTACT: Michael R. Williams of Interline Resources Corporation,+1-801-756-3031, Fax, +1-801-756-8843, mikew@interlineresources.com
Web site: http://www.interlineresources.com/
Source: PRNewswire-FirstCall
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