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Analysts Say Upcoming EU Gas Rule Could Increase Costs.

Reuters recently reported that several industry analysts and traders have speculated that an upcoming European Union (EU) gasoline regulation, which will require a reduction of aromatic content in fuel from the current 42 percent to 35 percent, could potentially increase refinery costs. Reuters said aromatics are known to contribute to ground-level ozone pollution.

As a result of the new regulation, Reuters said traders and analysts predict that refinery demand for such low aromatic fuel components as methyl tertiary butyl ether (MTBE), isomerate and alkylate will increase, thus raising the costs for these additives.

"The changes will make the gasoline pool a little more expensive as there will be less components available for use," one trader told Reuters.

Reuters noted that the new gasoline regulation is scheduled to go into effect beginning January 1, 2005.

(REUTERS: 6/30)
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Title Annotation:European Union
Publication:Mobile Emissions Today
Article Type:Brief Article
Geographic Code:4E
Date:Jul 6, 2004
Words:137
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