Home / Knowledge / News / Textiles / CSPC to hike ethylene capacity by more than 1mn tons
CSPC to hike ethylene capacity by more than 1mn tons
23
Mar '16
Shell's joint venture company in China, CSPC will increase ethylene capacity by more than 1 million tons per year, about double the current capacity.

The project includes the ongoing construction of a new ethylene cracker and ethylene derivatives units and will also include a styrene monomer and propylene oxide (SMPO) plant, the largest ever plant in China.

“CSPC is a 50:50 joint venture between China National Offshore Oil Corporation (CNOOC) and Shell Nanhai B.V.,” a Shell press release revealed.

This decision follows the announcement of a Heads of Agreement in December 2015 between the two partners.

Subject to regulatory approvals, CNOOC and Shell have agreed that CSPC should take over CNOOC's ongoing project to build additional chemical facilities next to CSPC's petrochemical complex.

Graham van't Hoff, executive vice president for Royal Dutch Shell plc's global Chemicals business, said, “I'm pleased to confirm that we are going ahead with this growth project.”

“We are selective in our investments, and this decision underlines our confidence in the strong growth potential for chemicals in China,” he added.

“It will position Shell and our partner CNOOC well to help meet the growing needs of customers in this expanding petrochemicals market,” Hoff stated.

“The expansion of the Nanhai petrochemical complex supports the Chinese long-term petrochemicals development plan and mixed ownership reform direction,” said Dong Xiaoli, general manager assistant of CNOOC.

“We're delighted that Shell will contribute to the project with industry-leading technology, with improved value through integration with nearby CNOOC refineries,” Xiaoli informed.

Shell will apply its proprietary OMEGA, SMPO and Polyols technologies to produce 150,000 tons per annum (tpa) of ethylene oxide, 480,000 tpa of ethylene glycol and 600,000 tpa of high quality polyols.

According to Shell, this increases the volumes and diversity of CSPC's high quality product range to around 2 million tons per year, as well as enhances overall energy efficiency.

It will be the first time that Shell's industry-leading OMEGA and advanced polyols technologies will be applied in China.

The CSPC site, which has a strong track record of reliable and safe operations, currently converts a variety of liquid feedstocks into olefins and derivative products.

These are used in a wide range of consumer goods, including computers, plastic bottles and washing liquids. (AR)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search