CNOOC and Shell Announce Investment in Chemical Complex Expansion in China

CNOOC and Shell Petrochemicals, one of the largest Sino-foreign petrochemical companies in China and a joint venture between Shell and CNOOC, has made a final investment decision to expand its petrochemical complex in Daya Bay, Huizhou, Guangdong.

The project will include a third ethylene cracker with a planned annual capacity of 1.6 million tons, a key component in the production of plastics, and a series of downstream derivative units, including linear alpha olefins.

The investment will also build a new facility for the production of high-performance specialty chemicals such as polycarbonates and carbonate solvents, which are essential to daily life.

The new facility is mainly designed to meet China's domestic demand and will produce a wide range of chemicals used in the agriculture, industry, construction, healthcare and consumer products industries. The expansion is expected to be completed in 2028.