China Quickens $11 Billion Fuel Quality Upgrade Amid Smog Fight
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China, the world’s largest carbon emitter, has pushed up its timetable for an $11 billion project to improve the quality of fuel used by cars and trucks.
China will cap sulfur content in gasoline and diesel at 10 parts per million starting in 2017, one year before an earlier deadline, the State Council said after a meeting presided over by Premier Li Keqiang. The number of regions expected to adopt the standards next year was also expanded. The plan will cost refiners about 68 billion yuan ($11 billion), the council said.