Exclusive: Sinopec Stalls Petrochemical Build-Up As U.S. Competition Grows - Presented by: The Aol. On Network

China's top refiner Sinopec Corporation is scaling back billions of dollars in petrochemical investments in the face of growing U.S. competition in the sector and rising local opposition to oil and gas plants over environmental concerns. The slowdown marks a break from two decades of expansion led by China's state energy majors, which have placed self-sufficiency above profitability and environmental impact to chase robust demand growth in the world's second-largest economy.



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