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CNOOC and Shell Petrochemicals Company Ltd (CSPC) announced yesterday the construction of its Nanhai Petrochemicals plant has completed.
With a total investment of USD 4.3 billion, Nanhai Project is the largest Sino-foreign joint ventures in China and the largest industrial production project in Guangdong province up to date. After full production, the project will turn out some 2.3 million tpa quality and high value-added petrochemical products.
The products will mainly be marketed in Guangdong province and the other coastal areas in China, where there is a large demand for petrochemicals. It will no doubt help push forward modernization of petrochemicals industry in Guangdong province.
Editor: Yan
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