Sinopec said to set lower refining target
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.