Recently, the final investment decision was made for the CNOOC and Shell Petrochemicals Company (CSPC) Huizhou Phase 3 Ethylene Project and Polycarbonate Project. The two major projects, with a total investment of about 57.3 billion yuan, officially started full-scale construction. In addition, the opening ceremony for the construction of the CSPC Research and Development Center was held on January 15.
The total investment in the CSPC Huizhou Phase 3 Ethylene Project is approximately 48 billion yuan. It will construct 160,000 tons/year of ethylene and 16 downstream chemical facilities, public utilities, and supporting infrastructure. After completion and operation, CSPC's ethylene production capacity will reach 3.8 million tons/year, maintaining its position as the largest single-plant ethylene factory and China's largest ethylene production base. Additionally, the project will introduce several process technologies that are being used for the first time in Asia and domestically, capable of supplying over 5 million tons of chemical products annually to the market.
The total investment of the Polycarbonate Project is 9.3 billion yuan, including the construction of a 260,000 tons/year polycarbonate plant, a 240,000 tons/year bisphenol A plant, and a 220,000 tons/year diphenyl carbonate plant, along with supporting R&D facilities, scheduled for completion by the end of 2026. The project will adopt Shell's proprietary production technology, which is used globally for the first time in industrial applications. Upon completion and operation, it will be capable of producing 320,000 tons of high-performance specialty chemicals annually.
Shell China Group Chairman Qu Xuemei stated that Guangdong has always been one of Shell's most valued strategic markets and a fertile ground for the flourishing of various Shell businesses. Shell is willing to work with more partners to provide cleaner energy solutions, continuously driving Huizhou towards becoming a global petrochemical industry hub.
Currently, Huizhou has a solid foundation for developing new petrochemical materials. The Daya Bay Economic and Technological Development Zone has ranked first in the "Top 30 Chinese Chemical Parks" for six consecutive years, attracting 13 Fortune Global 500 chemical companies, including CNOOC, Shell, ExxonMobil, and Hengli. The total output value of the Huizhou petrochemical new materials industry cluster is expected to exceed 390 billion yuan in 2024.
Reporter: Luo Rui, Ma Fazhou
Photo: Daya Bay Management Committee
Editor: Huang Qini, James, Shen He
