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Valero seeking to sell California refineries

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    4 drums coker
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    Valero Energy Corp wants to sell its pair of Wilmington (Los Angeles) 78,000-bpd and Benecia (San Francisco) 132,000-bpd California refineries.  Valero Chief Executive Bill Klesse told analysts nearly a year ago that the company was considering options for the two plants in light of a 2006 California law that requires emissions to match 1990 levels by 2020, which could cost hundreds of millions of dollars in upgrades to achieve. (Reuters)
     
    http://www.reuters.com/article/2012/10/20/valero-refineries-sale-idUSL1E8LK01720121020
     
    Paul Orlowski

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