On February 10, the president of Zhonghai Shell Petroleum & Chemical Co., Ltd., located on the bank of Daya Bay in Huizhou, Guangdong Province, announced that after the completion of the construction of the CSPC Shell on December 30, 2005, ethylene and propylene have been successfully produced. The device will also be put into operation one after another. This indicates that the development of upstream and downstream integration of domestic petrochemical projects has reached a new level and further ensures that China's economic development will meet the greater demand for petrochemical raw materials.
It is understood that the China Sea Shell project is jointly invested by the Royal Dutch/Shell Group and China Petroleum & Chemical Investment Co., Ltd., each with a 50% stake. The project finally passed investment decisions in November 2002. With an investment of US$4.3 billion, it has far exceeded the Nanjing Yangba integration project with an investment of US$2.9 billion already established and the Shanghai Secco integration project with an investment of US$2.7 billion, which ranks first in domestic Sino-foreign joint venture projects. The project is headed by an ethylene cracker with an annual output of 800,000 tons of ethylene and 430,000 tons of propylene. It can use naphtha as raw material and heavier condensate as raw material, which is still the first in the history of domestic chemicals. This is an important milestone in the world-class ethylene project.
The project adopts the world's most advanced process technology and advanced management mode in line with international standards for design, construction and operation. It has introduced 13 patented technologies through international tendering, and most of the devices have a world-class scale. What is particularly commendable is that although the project was built in the famous waters of China's Daya Bay in the South China Sea, it is reassuring in terms of environmental protection. Throughout the entire project design, construction and operation stage, CSPC has always adhered to its principles of sustainable development, protecting the environment and promoting local social development.
According to the reporter’s understanding, China Offshore Shell will produce approximately 2.3 million tons of petrochemical products each year, with annual sales of approximately US$1.7 billion. The products are mainly supplied to Guangdong Province and China’s coastal areas with large demand for chemical products, and some products will be sold to foreign markets. . By then, it will not only solve the problem of the supply of chemical raw material bases in the Pearl River Delta, but also greatly increase the competitiveness of the domestic petrochemical industry. A lot of pre-sales work had been done before the project was put into production, which laid a good foundation for each device to be put into operation and sales when it entered the commercial operation stage. There are many trading companies in the Pearl River Delta region who are in close contact with sales companies in Guangzhou and are actively ordering their products.
It is understood that the China Sea Shell project is jointly invested by the Royal Dutch/Shell Group and China Petroleum & Chemical Investment Co., Ltd., each with a 50% stake. The project finally passed investment decisions in November 2002. With an investment of US$4.3 billion, it has far exceeded the Nanjing Yangba integration project with an investment of US$2.9 billion already established and the Shanghai Secco integration project with an investment of US$2.7 billion, which ranks first in domestic Sino-foreign joint venture projects. The project is headed by an ethylene cracker with an annual output of 800,000 tons of ethylene and 430,000 tons of propylene. It can use naphtha as raw material and heavier condensate as raw material, which is still the first in the history of domestic chemicals. This is an important milestone in the world-class ethylene project.
The project adopts the world's most advanced process technology and advanced management mode in line with international standards for design, construction and operation. It has introduced 13 patented technologies through international tendering, and most of the devices have a world-class scale. What is particularly commendable is that although the project was built in the famous waters of China's Daya Bay in the South China Sea, it is reassuring in terms of environmental protection. Throughout the entire project design, construction and operation stage, CSPC has always adhered to its principles of sustainable development, protecting the environment and promoting local social development.
According to the reporter’s understanding, China Offshore Shell will produce approximately 2.3 million tons of petrochemical products each year, with annual sales of approximately US$1.7 billion. The products are mainly supplied to Guangdong Province and China’s coastal areas with large demand for chemical products, and some products will be sold to foreign markets. . By then, it will not only solve the problem of the supply of chemical raw material bases in the Pearl River Delta, but also greatly increase the competitiveness of the domestic petrochemical industry. A lot of pre-sales work had been done before the project was put into production, which laid a good foundation for each device to be put into operation and sales when it entered the commercial operation stage. There are many trading companies in the Pearl River Delta region who are in close contact with sales companies in Guangzhou and are actively ordering their products.