Valero (VLO -6%) says proposed new rules aimed at reducing sulfur content in gasoline would cost...

|About: Valero Energy Corporation (VLO)|By:, SA News Editor

Valero (VLO -6%) says proposed new rules aimed at reducing sulfur content in gasoline would cost it hundreds of millions of dollars in equipment construction and upgrades alone. In addition to spending $300M-$400M initially to implement the rule, VLO also predicts operating costs would rise by an undetermined amount every year due to the rules proposed Friday by the EPA. (earlier)