China’s Sinopec makes carbon profits on govt refinery clampdown

Published 12:59 on June 27, 2018  /  Last updated at 21:19 on June 27, 2018  /  China, China's National ETS, China's Offset Market, China's Pilot Markets  /  No Comments

A subsidiary of Sinopec, China’s biggest refinery group, has made a 1.3-million yuan ($200,000) profit by swapping Shanghai CO2 permits it had saved as a result of a government clampdown on overcapacity in the sector.

A subsidiary of Sinopec, China’s biggest refinery group, has made a 1.3-million yuan ($200,000) profit by swapping Shanghai CO2 permits it had saved as a result of a government clampdown on overcapacity in the sector.

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