Cost of sulfur credits surges for US refiners as clean fuel deadline looms
Refiners are paying nine times what they were paying three years ago for a limited supply of sulfur credits, with prices surging ahead of a year-end deadline for the industry to comply with U.S. smog-busting regulations, according to industry sources. The credits are trading for more than $4,000 a credit, the sources said, up more than 900% from the end of 2016, when new emissions standards for gasoline went into effect, trading sources said.
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