Euro IV Standards Complaince in Asia/Pacific Could Cost $25 Billion

摘要

Refiners in the Asia/Pacific region could incur as much as $25 billion in total costs in order to comply with Euro IV standards for gasoline and diesel, according to a recent analysis from consultancy firm Wood Mackenzie. The report "Clean Fuels Race in Asia Pacific - Following the Leaders?" classifies countries into three categories: countries such as Japan, South Korea, and Taiwan, which meet Euro IV standards or above; China, India and Singapore and other countries that meet Euro II or Euro III standards; and countries such as Pakistan, Malaysia and Vietnam, whoose standards are below Euro II standards.