Oil refiners in China, the world’s biggest emitter of greenhouse gases, should accelerate plans to produce cleaner fuel, according to the State Council, the nation’s cabinet.
The government will publish new standards for diesel in June and gasoline in December, capping sulfur content at 10 parts per million, with the rules being implemented nationwide by 2017, the State Council said in a statement yesterday. The cost and quality of the fuel will be taken into account when setting oil-product prices, it said, without elaborating.
“Domestic refiners should facilitate upgrades in order to supply qualified fuel on schedule,” the State Council said in the statement, naming China National Petroleum Corp., China Petroleum & Chemical Corp. and China National Offshore Oil Corp., the country’s biggest oil companies.
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Sarah Chen, Bloomberg News via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/wPiwj67d7Vc/
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