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Sinochem arm expands domestic assets, consolidates overseas footprint

Sinochem Energy Co Ltd, the energy business arm of State-owned Sinochem Group, will operationalize the second phase of its Quanzhou refinery base in East China's Fujian province in 2020.

This move will raise its annual petroleum refinery distillation capacity from 12 million metric tons to 15 million tons a year, which will help meet domestic demand.