Asia Pacific > China’s Sinopec makes carbon profits on govt refinery clampdown

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  / Kathy Chen /  Asia Pacific, China

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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