Evolving fuel specifications to drive refining spending in 2002

In 2002, two major trends-clean fuels requirements and industry consolidation-will affect the supply and demand of refined products throughout the world. Click here to enlarge imageRefiners in the US face the possible ban of methyl tertiary butyl ether (MTBE) from the gasoline pool within the next few years. More-stringent regulations in California will lead to its complete elimination by yearend 2002. This legislation affects refiners in other areas of the world that export gasoline and MTBE to the US.Lower sulfur levels in gasoline and diesel will also affect refiners´ operational and construction plans in 2002. The reduction of sulfur will influence refiners in the US, Europe, a...

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