April 25, 2003

Auto Fuel Set for Even Lower Sulfur Content:
JAMA Salutes Announcement by Oil Industry

Yoshihide Munekuni, Chairman

At an April 24 meeting of the Petroleum Products Subcommittee of the Japanese government's Advisory Committee on Energy (affiliated with the Ministry of Economy, Trade and Industry's Agency for Natural Resources and Energy), comments on the prospects for the introduction of sulfur-free automotive fuel were received from oil industry representatives.

Specifically, the opinion was expressed that a partial marketing of sulfur-free fuel, which is defined as containing 10ppm of sulfur or less, will be possible beginning in 2005. The Japan Automobile Manufacturers Association (JAMA) and other auto-related organizations welcome this news and salute the progress being made by the oil industry in achieving commercial use of sulfur-free fuel.

JAMA member companies will continue to channel major resources and research-and-development efforts into the early introduction of innovative new vehicle technologies utilizing sulfur-free fuel, a key phase in their quest for cleaner automobile performance and minimal environmental impact.