Oil giant aims to tap into efficiency

Sinopec investing billions of yuan in new measures to save energy

China Petrochemical Corp (Sinopec), Asia's largest refiner, said it will invest 4 billion yuan ($640 million) this year and another 10 billion yuan in 2015 in more than 1,000 projects as it strives to double its energy efficiency by 2025.

Chairman Fu Chengyu said during the 2014 China Summit on Caring for the Climate, held in Beijing on Thursday, that Chinese companies including Sinopec have made increasing efforts to protect the environment for sustainable development.