CNOOC, Shell to proceed with south China petrochemical complex expansion
Nurluqman Suratman
15-Jan-2025
SINGAPORE (ICIS)–Chinese oil company CNOOC and Anglo-Dutch energy major Shell have taken a final investment decision (FID) to expand their joint petrochemical complex in Daya Bay, Huizhou in southern China.
The expansion by their joint venture firm CNOOC and Shell Petrochemicals Co (CSPC) is expected to be completed in 2028, Shell said in a statement.
Financial details of the investment were not disclosed.
The expansion will include a third cracker with a planned capacity of 1.6 million tonne/year of ethylene; as well as associated downstream derivatives units producing chemicals including linear alpha olefins
It will also include a new facility which will produce 320,000 tonnes/year of high-performance specialty chemicals such as polycarbonates (PC) and carbonate solvents.
CSPC is a 50-50 joint venture owned by Shell Nanhai BV, a subsidiary of Shell, and CNOOC Petrochemicals Investment Ltd, an affiliate of CNOOC.
(Recasts first two paragraphs for clarity)
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