CSPC, a Shell-CNOOC joint venture, invests in petrochemical complex expansion in China

24 January 2025 – CNOOC and Shell Petrochemicals Company Limited (“CSPC”) has taken the Final Investment Decision (FID) to expand their joint petrochemical complex in Daya Bay, Huizhou in southern China, for both the Huizhou Phase 3 Ethylene Project (“Phase 3 Project”) and the Polycarbonate Project.

The expansion will include a third cracker with a planned capacity of 1.6 million tonne/year of ethylene; as well as associated downstream derivatives units producing chemicals including linear alpha olefins.

The Phase 3 Project is expected to be completed by 2028. It will also include a new facility which will produce 320,000 tonnes/year of high-performance specialty chemicals such as polycarbonates (PC) and carbonate solvents.

Financial details of the investment were not disclosed.

CSPC is a 50-50 joint venture owned by Shell Nanhai BV, a subsidiary of Shell, and CNOOC Petrochemicals Investment Ltd, an affiliate of CNOOC.