China vows to control new capacity in oil refining industry, steadily control exports of some high carbon petrochemical products

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China's Ministry of Industry and Information Technology released a set of guidelines for the development of the country's petrochemical industry, introducing a slew of measures including restrictions on exports of carbon-intensive products, in an efforts to reduce emissions and help it achieve the carbon-peaking and carbon-neutrality goals.

By 2025, China's petrochemical industry will basically follow a high-quality development pattern featuring a strong independent innovation capability, with a reasonable . . .

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