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On February 10, the president of Zhonghai Shell Petroleum & Chemical Co., Ltd., located on the shores of Daya Bay in Huizhou, Guangdong Province, announced that following the completion of construction on December 30, 2005, the company successfully produced ethylene and propylene. Additional facilities will be launched in a phased manner, marking a significant step forward in the integration of upstream and downstream petrochemical operations in China. This development is expected to meet the growing demand for chemical raw materials, supporting the country's ongoing economic growth.
The China Sea Shell project is a joint venture between Royal Dutch/Shell Group and China Petroleum & Chemical Investment Co., Ltd., with each holding a 50% stake. The project received final investment approval in November 2002, with a total investment of $4.3 billion. This makes it the largest Sino-foreign joint venture project in the domestic petrochemical sector, surpassing previous projects like Nanjing Yangba ($2.9 billion) and Shanghai Secco ($2.7 billion). The facility features an ethylene cracker capable of producing 800,000 tons of ethylene and 430,000 tons of propylene annually, using both naphtha and heavier condensate as feedstocks—a first in China’s chemical industry.
The project incorporates cutting-edge technology and international-standard management practices. It introduced 13 patented technologies through global bidding, and most equipment is of world-class scale. Notably, despite being located in the environmentally sensitive Daya Bay area, the project has prioritized environmental protection throughout its design, construction, and operation phases. CSPC has consistently followed sustainable development principles, ensuring minimal ecological impact and contributing to local community growth.
According to reports, the China Offshore Shell project is expected to produce approximately 2.3 million tons of petrochemical products annually, generating around $1.7 billion in sales. Most products will be supplied to Guangdong Province and other coastal regions with high demand, while some will be exported. This will not only address the shortage of chemical raw materials in the Pearl River Delta but also enhance the competitiveness of China’s domestic petrochemical industry. Extensive pre-sales efforts have already been made, laying a solid foundation for commercial operations. Many trading companies in the Pearl River Delta are actively engaging with Guangzhou-based sales partners, placing orders in anticipation of the project’s full launch.