Mexico's Pemex plans to invest more than $1 billion in an ecological program, Xinhua News Agency reported. The program, involving construction of nine oxygenated fuel plants and process modifications at refineries and petrochemical plants, is expected to substantially reduce emissions from gasoline, diesel, and fuel oil sold domestically. Dealing with environmental issues could cost Canada's petroleum industry $1 billion, and meeting new standards will add $100 million/year to operating

Apr 23rd, 1990
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