CSPC's petrochem complex starts operations in Daya Bay

15-Feb-06

CNOOC and Shell Petrochemicals Co., Ltd. (CSPC), the joint venture of Royal Dutch Shell and China National Offshore Oil Corporation has announced the operation of its 2.3 million tons petrochemicals complex in Daya Bay, Huizhou City, Guangdong Province. The plant will cater to demand mainly from Guangdong Province and other the coastal regions of China. Part of products will be exported to overseas markets. Central to the complex is a condensate or naphtha cracker producing 800,000 tpa of ethylene and 430,000 tpa of propylene. Downstream of the cracker, additional plants are to be built to produce: 550,000 tpa of styrene monomer and 250,000 tpa of propylene oxide 320,000 tpa of monoethylene glycol 60,000 tpa of propylene glycol 135,000 tpa of polyols 240,000 tpa of polypropylene 200,000 tpa of LLDPE and HDPE 250,000 tpa of LDPE CSPC is one of the largest Sino-foreign joint ventures in China, involving total investment of US$4.3 billion, equally held by Shell Nanhai BV, a member of the Royal Dutch Shell Group of Companies, and CNOOC Petrochemicals Investment limited (CPIL). CNOOC controls a 90% stake in CPIL.