To tackle the risk of overcapacity in its energy sector, China plans to curb investment in smaller-scale refining and petrochemical plants. Hydro cracking units that process under 800,000 tpa, polyethylene units with capacity under 200,000 tpa, ethylene units with capacity of under 600,000 tpa, crude distillation units with capacity under 8 million tpa and refining units processing under 1 million tpa and producing gasoline, diesel and kerosene are some of the areas the National Development and Reform Commission wants to trim the inflow of funds.
22-Dec-05 
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