Sinopec said to set lower refining tar­get

China Daily (Canada) - - BUSINESS -

China Petro­chem­i­cal Corp, which has in­creased refining ev­ery year since at least 2005, plans to lower its oil-pro­cess­ing tar­get by 1.2 per­cent in 2016 be­cause of weak diesel de­mand and com­pe­ti­tion from in­de­pen­dent re­fin­ers. The Bei­jing­based com­pany, known as Sinopec, set its 2016 refining tar­get to 240 mil­lion met­ric tons, ac­cord­ing to sources with knowl­edge of the mat­ter. Sinopec set a tar­get of 243 mil­lion tons for 2015, ac­cord­ing to its an­nual re­port re­leased in­March. avoid­ance to suit the coun­try’s driv­ing habits and road con­di­tions. This class of safety fea­tures, com­monly re­ferred to in the in­dus­try as ad­vanced driver as­sis­tance sys­tems, are seen as an in­ter­me­di­ate step to­ward the ul­ti­mate goal of au­ton­o­mous ve­hi­cles. By us­ing sen­sors and com­puter pro­grams to an­tic­i­pate, warn and take preven­tive mea­sures, car­mak­ers like Nis­san are seek­ing to re­duce traf­fic ac­ci­dents caused by hu­man er­ror. ex­ec­u­tive. The au­tomaker’s EV sales may more than dou­ble to 55,000 units this year from 20,000 last year, and reach as many as 700,000 units an­nu­ally by 2020, ac­cord­ing to Chen Ping, chief en­gi­neer of Bei­jing Elec­tric Ve­hi­cle Co, a ma­jor­ity-owned BAIC unit. Redmi 2 Pro and Redmi Note 2, as well asMi4i andMi Note, also dis­clos­ing their plans to at­tract the end con­sumer.

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