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CNOOC, Shell to expand petrochemical complex in China

15
Jun '20
Pic: Shutterstock
Pic: Shutterstock
CNOOC Oil & Petrochemicals Co Ltd (CNOOC), Shell Nanhai BV (Shell) and Huizhou government recently signed a strategic cooperation agreement to further expand the CNOOC and Shell Petrochemical Company (CSPC) 50:50 joint venture in Huizhou, Guangdong Province, China. The project includes construction of a new 1.5 million-tonnes-per-year ethylene cracker.

The expansion is planned to serve the growing number of intermediate and performance chemicals customers in the key market of China, supplying products including ethylene glycol, polypropylene, styrene monomer propylene oxide (SMPO), polyols and polyethylene. These chemicals are used in a wide range of end products, in fabrics, healthcare, construction, packaging, transport and electronics.

"For the first time in Asia, Shell would apply its advanced technology for linear alpha olefins. The project is intended to include construction of a new 1.5 million-tonnes-per-year ethylene cracker, with the mega-site bringing economies of scale and enhanced competitiveness," Shell said in a press release.

“Our growth strategy is based on long-term chemicals demand. We are very selective in our investments, and this agreement underlines Shell’s confidence in both the chemicals business fundamentals and our strategic partnerships with CNOOC and the Huizhou government,” said Thomas Casparie, executive vice present for Shell’s global chemicals business.

Shell and CNOOC had signed MoU in October 2018 to explore expansion of the existing collaboration.

The CSPC site currently converts a variety of liquid feedstocks into olefins and derivative products.

Fibre2Fashion News Desk (RKS)


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