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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: maceng2 who wrote (64062)	3/3/2007 7:09:01 PM
From: maceng2	Read Replies (2) of 116555

Pumps cleared in 'fuel fault' alert ananova.com Supermarkets were clearing their pumps of "faulty" petrol which has hit thousands of cars, as a supplier said it had traced the silicon contamination to a series of storage tanks. Harvest Energy, which shares facilities at Royal Vopak's oil terminal at West Thurrock, Essex, with Greenergy, said its tests had found "unusually high levels of silicon" in four petrol storage tanks at the site. Harvest Energy said fuel blended from the contaminated tanks had been supplied to various petrol retailers. Earlier Greenergy, which supplies Tesco and Wm Morrison, said a component understood to be bought and used by Asda supplier Harvest Energy in the production of unleaded petrol had tested positive for excess levels of silicon. Thousands of motorists were affected by the contaminated petrol in recent days, many of whom said they had bought fuel from filling stations at Tesco and Morrison's supermarkets in the South East. Tesco and Asda were working over the weekend to replace unleaded petrol in forecourts supplied from the terminal with new fuel, while Morrison's has closed its affected pumps while tests are carried out. The supermarkets are promising to pay compensation to customers whose cars have suffered damage from the "faulty" fuel. Harvest Energy said the contamination had not been detected before sale because routine standards testing of petrol did not include a test for silicon as it would not normally be in the fuel. "We will now be testing for silicon as a matter of course," the company said. Harvest Energy said it had isolated the higher silicon fuel and could guarantee no further contaminated petrol would be distributed. The Trading Standards Institute (TSI) confirmed silicon had been found in stricken vehicles and said the presence of the chemical could indicate contamination with the anti-foaming agent used in diesel. Experts fear the contaminant was damaging delicate oxygen sensors - causing engine management systems to switch to emergency settings.

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