CNOOC and Shell Petrochemicals Company Limited (CSPC), a joint venture of Shell Nanhai and China National Offshore Oil Corporation (CNOOC) will take over CNOOC's ongoing project to build an ethylene cracker and several derivatives units. The new plant being next to the CSPC existing facility will increase CSPC's ethylene capacity by 1.2 million tons.
According to a joint press release, nearly 70 per cent of the construction work of the new facility is over, which is expected to start up in the fourth quarter next year.CNOOC and Shell Petrochemicals Company Limited (CSPC), a joint venture of Shell Nanhai and China National Offshore Oil Corporation (CNOOC) will take over CNOOC's ongoing project to build an ethylene cracker and several derivatives units. The new plant being next to the CSPC existing facility will increase CSPC's ethylene capacity by 1.2 million tons.#
The expansion project also includes the largest styrene monomer and propylene oxide (SMPO) plant in China.
The new plant will use Shell's proprietary technologies to produce 150,000 tons per annum (tpa) of ethylene oxide, 480,000 tpa of ethylene glycol, 630,000 tpa of styrene monomer, 300,000 tpa of propylene oxide, and 600,000 tpa of high quality polyols.
Fibre2Fashion News Desk – India
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