CNOOC, Shell JV plans 1 billion yuan outlay to increase capacity by 20%

29-Jul-09
CNOOC and Shell Petrochemical Co.’s JV plans to invest 1 billion yuan to expand its capacity by 20%. The expansion is planned for completion by mid-2010. Current capacity includes a 800,000 tpa ethylene project and a 2.3 mln tpa petrochemical unit in Huizhou, Guangdong province.
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