Royal Dutch Shell Plc. and China National Offshore Oil Corp. (CNOOC) have signed an agreement to double the capacity of their equally held ethylene-cracking facility in Guangdong province to 2 mln metric tpa and add other chemicals units. The new facilities are expected to start operation in two years.
The joint venture in Huizhou City was established in 2000 with investment of US$4.1 bln and began operating in 2006. The area is also home to a CNOOC refinery, where capacity will be expanded to 22 mln tpa in 2017 from 10 mln tpa, that supplies the chemical venture with naphtha as a feedstock.
21-Dec-15 
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