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Shell-CNOOC joint venture to expand south China petrochemical complex

The content at the provided URL discusses the expansion plans of a petrochemical complex in southern China by a joint venture between Shell and CNOOC. The venture, known as CNOOC and Shell Petrochemicals Company (CSPC), has announced an investment of 44.8 billion yuan ($6.3 billion) to expand its facility in Huizhou, Guangdong province. This expansion aims to increase the production capacity of ethylene, a key raw material for various products, from 1.2 million tonnes per year to 3.2 million tonnes. The project includes the construction of new production units and is expected to be completed by 2025. This move is part of a broader strategy to meet the growing demand for chemicals in China, driven by sectors like packaging, construction, and automotive industries. The expansion will also incorporate advanced technology to enhance efficiency and reduce environmental impact.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/energy/shell-cnooc-joint-venture-expand-south-china-petrochemical-complex-2025-01-15/ ]