It is reported that Hebei provincial government announced on July 13 that the province's coal enterprises will be reduced from 340 into 50 or less, small coal mines from 485 to 200 or less through M&As.
The government will support Sinopec Shijiazhuang Refining & Chemical Company, Jizhong Energy FengFeng Group, Kailuan Energy Chemical, Risun Group, Tangshan Sanyou Chemical Industries and other large enterprises to promote M&As around the industrial chain and build large scale chemical circulation bases.