News Summary: Sinopec vows beach cleanup

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MY BAD: Chinese oil and chemical company Sinopec Corp. is promising to clean up hundreds of millions of tiny plastic pellets that washed up on beaches across Hong Kong after they fell off a ship during a strong typhoon.

SHOWING THE MONEY: The company, one of China’s three major state-owned oil companies, said it is setting up a $1.3 million cleanup fund, arranging FOR industrial cleaning equipment and sending staff to help with the effort.

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