Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song/File PhotoBEIJING, April 7 - China plans to "steadily control" exports of some high carbon petrochemical products and will draw up a list of such goods, its industry ministry said on Thursday, as the country strives to deal with climate change.
The Ministry of Industry and Information Technology did not elaborate on the details of high carbon-intensive products export restrictions.It said the country will strictly control new capacity in its oil refining industry and will accelerate the elimination of inefficient and outdated production capacity.
China has been striving to modernise its oil refining industry and to produce more high-end fine chemical products to meet demand from fast-growing industries such as consumer electronics and pharmaceuticals.