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Article: Diesel shortage prospects wane as Texaco reports it has new formula. (Texaco Inc.'s cleaner-burning diesel fuel)
- Article from:
- Los Angeles Business Journal
- Article date:
- March 22, 1993
- Author:
CopyrightCOPYRIGHT 1993 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Texaco and the California Air Resources Board announced last week that Texaco's formula for cleaner-burning diesel fuel has been approved by CARB. Texaco is the second major oil company whose formula meets the new anti-pollution requirements set by the state agency.
With Texaco's announcement, prospects dimmed that there would be a diesel fuel shortage after the Oct. 1 deadline. Nevertheless, the battle over compliance exemptions which may be granted some oil refiners continues.
Under new CARB regulations covering diesel fuel to be sold in the state of California, refiners that plan to distribute in the California market must be able supply marketers with ...