(Reuters) -Chinese oil major Sinopec announced on Wednesday the establishment of a specialised company focused on environmental governance in Guangzhou, a southern city in China.
Sinopec Environment Science and Technology Co., Ltd., funded by SINOPEC Engineering Group, has a registered capital of 1 billion yuan ($140.40 million)，Sinopec said in the statement.
Its core businesses includes environmental governance technology services, environmental engineering design, consulting and implementation, and environmental pollution testing and monitoring, according to the statement.
The company also provides services such as the dismantling of petrochemical installations, and resource recovery and utilisation to enhance resource recycling.
($1 = 7.1227 Chinese yuan renminbi)
(Reporting by Sam Li and Lewis Jackson in Beijing)
