Sinopec, China’s top refiner, to fast track energy transition as EVs erode demand for fuel

• Sinopec will adjust the product output of its refineries to produce more chemicals and less motor fuel as sales of EVs continue to rise, chairman Ma Yongsheng says
• The company, which aims to become carbon neutral by 2050, reported a 6.2 per cent drop in greenhouse gases emissions last year, its first in five years