Japanese refiners advancing to 10-ppm specifications

摘要

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.