Japanese oil companies have been accelerating their investment plans to prepare themselves for the next set of stringent specification regulations - 10-ppm for gasoline and gasoil - whi..
Japanese oil companies have been accelerating their
investment plans to prepare themselves for the next set of
stringent specification regulations - 10-ppm for gasoline and
gasoil - which are expected to become mandatory by 2007 -
2008.
"Although there are no regulations for 10-ppm
specifications as yet in Japan, the refiners are voluntarily
moving ahead of schedule, for the most part to ensure their
own survival in the business, as this type of investment does
not give a financial return in the short term," according to
an analysis from FACTS Inc.
The nation's sulfur reduction for gasoline to 50 ppm
(from the current
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