China’s environmental watchdog lifted ban on new projects at its two largest refining companies after determining they met pollution targets last year.
The ban, in effect for nearly eight months, had been imposed as concerns about air pollution in China rose and Beijing came under increasingly public pressure to address the problem.
China’s Ministry of Environmental Protection said in an online statement posted Wednesday but dated April 18 that it was lifting the ban, which had applied to China National Petroleum Corp. and China Petrochemical Corp., known as Sinopec. Between them the two make up more than three quarters of China’s refining capacity.
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Wayne Ma, Wall Street Journal via CHINA US Focus http://ift.tt/1mEFYbs
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