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CSPC, a Shell-CNOOC Joint Venture, Invests in Petrochemical Complex Expansion in China

-- Shell press release --    Beijing – CNOOC and Shell Petrochemicals Company Limited (CSPC), a joint venture between Shell Nanhai B.V. and CNOOC Petrochemicals Investment Ltd, has taken a final investment decision to expand its petrochemical complex in Daya Bay, Huizhou, south China. The expansion will include a third ethylene cracker with a planned capacity of 1.6 million tonnes per year of ethylene, a key building block to make plastics, and associated downstream derivatives units producing chemicals including linear alpha olefins. This investment also includes a new facility which will produce 320,000 tonnes per year of high-performance specialty chemicals, such as polycarbon

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