Sinopec Corp won initial approval last month from China's top economic planner for a plan to build a US$10 bln refinery and petrochemical complex in Shanghai, as per Reuters. Sinopec has started formal planning for the 400,000 bpd refinery and a 1 mln tpa ethylene project, in a bid to curb pollution by shifting an old plant to Caojing industrial park - Shanghai's southern edge, the officials told Reuters this week.
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