A Shell-CNOOC joint venture has reached an FID on expanding a petrochemicals complex in the south of China, Shell said on Wednesday.
CNOOC and Shell Petrochemicals Company Limited (CSPC), a 50-50 joint venture between Shell Nanhai and CNOOC Petrochemicals Investment, will add a third ethylene cracker and a speciality chemicals facility at the complex in Daya Bay, Huizhou.
The ethylene cracker has a planned capacity of 1.6 million tonnes per year.
The speciality chemicals facility will produce 320,000 tonnes per year of high-performance speciality chemicals, such as polycarbonates and carbonate solvents.
The expansion is aimed at supplying China’s fast-growing domestic market and is scheduled to come on line in 2028.
Source: theenergyyear.com