CNOOC and Shell Petrochemicals

CNOOC and Shell Petrochemicals Company Limited (CSPC) was established in late 2000. It has built and now operates a world-scale petrochemical complex in the Daya Bay Economic and Technological Development Zone, Huizhou, Guangdong Province. The joint venture partners are Shell Nanhai BV, a member of the Royal Dutch Shell Group, with a 50 per cent st... ake, and CNOOC Petrochemicals Investment Limited (CPIL), also with 50 per cent. CPIL is owned by China National Offshore Oil Corporation (CNOOC) (90%) and Guangdong Guangye Investment Group Company Limited(10%). The CSPC petrochemical complex incorporated the world's advanced technologies, and utilizes modern management systems and international standards in design and construction and during the current operation phase. The majority of its process units are world-scale. Its adoption of 13 licenses through international bidding ensures it operates on the cutting edge of technology. As an integrated petrochemical complex, the major facilities of the complex include 11 process units, steam and power generation and other utility provisions, storage and handling and shipping facilities, as well as environmental protection facilities. The heart of the complex is a world-scale cracker producing 950,000 tons per annum ethylene and 500,000 tons per annum propylene. In total, the complex produces some 2.7 million tons per annum of ethylene and propylene's derivative products to supply the domestic market. CSPC is committed to implementing a strategy of sustainable development in operating the complex. It adopts responsible environmental standards and takes a wide variety of actions to contribute to the social and economic development of the local society such as lending support to local educational and health undertakings.Read More