French Refinery Investments [80,358 bytes]
France's refiners have earmarked investments totaling 6.7 billion francs during 1998-2001 to meet impending European Union specifications for motor fuels.
Beginning Jan. 1, 2000, EU member states will be required to meet tighter restrictions on sulfur and aromatics in gasoline and diesel fuel. This will be followed in 2005 by even stricter requirements.
France's refiners have estimated their expenditures through 2001 to meet the new fuel specs (see table).
Planned spending to meet the Year-2000 requirements is expected to be greatest this year, at about 2.2 billion francs.
Among the announced invest...