South African Petroleum Industry Calls for Investment in Refineries for Clean Fuels Program

The South African Petroleum Industry Association has reiterated the need for capital investment in local refineries to meet the second clean fuels program by 2027. During a media roundtable, Sapia head of strategy Kevin Baart emphasized that current price structures are insufficient to fund these necessary investments. Baart assured that the industry has managed supply risks effectively for 18 years and highlighted the importance of cleaner fuels and emission reduction technologies.