Shell's (SHEL) Nanhai subsidiary's joint venture with China National Offshore Oil's CNOOC Petrochemicals Investment, a 50-50 joint venture known as CNOOC and Shell Petrochemicals Company Ltd., or CSPC, has decided to invest in the expansion of its petrochemical complex in Daya Bay, Huizhou, in south China, Shell said Wednesday.
Financial terms weren't disclosed.
Plans for the expansion include a third ethylene cracker with a capacity of 1.6 million metric tons a year of ethylene and a new facility to produce 320,000 metric tons a year of specialty chemicals, such as polycarbonates and solvents, Shell said.
The new facilities are primarily aimed at meeting domestic demand in China, Shell said.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。