U.S. Refiners to Spend More Than $800 Million to Remove Benzene from Gasoline
U.S. Refiners to Spend More Than $800 Million to Remove Benzene from Gasoline
Attachment: IIR Chart - "Active M-SAT-2 Projects in U.S.
SUGAR LAND--October 2, 2009--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--U.S. oil refiners will spend about $832 million on engineering and construction projects to lower the benzene content of their gasoline during the next few years, according to data collected by Industrial Info. These 25 projects are required by the U.S. Environmental Protection Agency (EPA), which in 2007 issued a rule on mobile source air toxins. Phase II of this rule, which has an effective date of January 1, 2011, for most refiners, sharply lowers the allowable benzene content of gasoline. "Small refiners," as defined by the EPA, will be given extra time to comply with the standards.
Other companies featured: Jacobs Engineering Group (NYSE:JEC)
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