Chevron schedules refinery outlays

Chevron Corp. plans to spend nearly $1 billion at two big California refineries to produce reformulated gasoline. The new fuels will meet environmental standards required by federal Clean Air Act amendments and the California Air Resources Board. About $370 million will be spent at the 229,000 b/cd Richmond refinery, near San Francisco, and $580 million at the 244,000 b/cd El Segundo refinery, near Los Angeles. Final permits are being sought for construction, which will be conducted during the

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