Shell Nanhai BV reports successful start of ops in Guangdong
03 Apr '06
3 min read
The CNOOC and Shell Petrochemicals Company Limited (CSPC), 50 per cent owned by Shell Nanhai BV, a member of the Shell Group, marked the successful start of operations of its new $4.3 billion petrochemicals complex with a ceremony in Guangdong.
Construction of the complex, 50 per cent owned by the CNOOC Petrochemicals Investment Company Limited, was completed at the end of December 2005 and the ethylene plant started operations on 29 January.
The new plant will produce 2.3 million tonnes of products per year to primarily supply Guangdong and the high consumption areas of China's southeast coastal economic zones.
Shell Downstream Executive Director Rob Routs was a guest of honour at the event along with Guangdong Executive Vice Governor Zhong Yangsheng, Huizhou Party Secretary Liu Jinzhou, and CNOOC President Fu Chengyu.
Rob Routs said: “The completion of this massive and complex petrochemical project to expected time and budget is a considerable achievement. This is the beginning of decades of productive life for the plant serving the Chinese people by helping to meet their rapidly growing demand for high quality petrochemicals.”
The CNOOC and Shell Petrochemicals Company Limited (CSPC) has built and is operating a US $4.2 billion petrochemicals complex in Daya Bay, Huizhou Municipality, Guangdong. It is one of the largest capital investments in a Sino-foreign joint venture project in the People's Republic of China.
The partners are Shell Nanhai BV, a member of the Shell Group, with a 50 per cent stake, and CNOOC Petrochemicals Investment Limited (CPIL), also with 50 per cent. CPIL is owned by China National Offshore Oil Corporation (CNOOC) (90%) and Guangdong Investment & Development Company (10%).
marketing@alchempro.com
