CNOOC and Shell Petrochemicals Company Limited (CSPC), the largest Sino-foreign joint venture today in China, and Basell Polyolefins, a global polyolefins technology leader, are working together to meet the needs of the fast-growing polyolefins market in China. The companies will co-exhibit at ChinaPlas 2005, June 21 – 24 at the Guangzhou International Convention and Exhibition Centre (GICEC). The booth location is E802.
CSPC is constructing a world-scale petrochemicals complex in Guangdong Province that will include three polyolefin facilities utilizing Basell state-of-the-art process technologies. The three plants will have an annual total capacity of 690 KT -- 200 KT of high density and medium density polyethylene based on the Lupotech G process, 250 KT of low density polyethylene based on the Lupotech T process and 240 KT of polypropylene based on the Spheripol process. The plants are scheduled to come on-stream at the end of this year.
Basell will provide sales and marketing services for the polyethylene and polypropylene resins produced at the CSPC plants during the pre-production phase and for an initial period after the plant start-up.
“We look forward to working with Basell to serve polyethylene and polypropylene customers in China,” said Charles Ng, Commercial Director of CSPC. “This cooperation will form a strong synergy between CSPC’s domestic production, and Basell’s regional and local strengths in sales and marketing as well as product and technology leadership.”
Yves Bonte, Basell senior vice president for global supply and marketing, called the CSPC’s cooperative spirit and teamwork “extraordinary”. Bonte said, “We are very appreciative of the opportunity to work with CSPC during this incredibly dynamic time period in China.” Earlier this year Basell inaugurated its new advanced polyolefins plant in Suzhou Industrial Park, near Shanghai.
The Spheripol technology produces polypropylene homopolymer, random and heterophasic copolymers; Lupotech T is a high pressure tubular reactor process for the production of LDPE and EVA copolymers, and Lupotech G is a low-pressure gasphase process for the production of HDPE and MDPE. These Basell technologies produce high-performance polyolefins for applications in markets ranging from packaging and textiles to automotive and industrial.
About Basell
Basell is the world's largest producer of polypropylene and advanced polyolefins products, a leading supplier of polyethylene and catalysts, and a global leader in the development and licensing of polypropylene and polyethylene processes. More information about Basell is available on the Internet at www.basell.com.
Together with its joint ventures, Basell has manufacturing facilities in 21 countries and its products are sold in more than 120 countries. The products are used by customers in the production of a wide number of consumer and industrial goods from food and beverage packaging to automobile components, and from household products to underground piping.
As a technology-driven company with research and development centers in Europe, North America and the Asia-Pacific region, Basell’s R&D activities assure a sustained flow of new and enhanced polyolefin catalysts, processes and products for customers.
Basell’s corporate centre is located in Hoofddorp, The Netherlands, near Amsterdam.The company has regional offices in Brussels, Belgium; Frankfurt, Germany; Elkton, Maryland, USA; Sao Paulo, Brazil, and Hong Kong, as well as sales offices in the major markets around the globe.
About CNOOC and Shell Petrochemicals Company Limited (CSPC)
CNOOC and Shell Petrochemicals Company Limited (CSPC) is set to achieve a milestone in petrochemicals history in China, building and operating a USD 4.3 billion petrochemicals complex in Daya Bay, Huizhou Municipality, Guangdong Province. The complex is located at Daya Bay, about 80 kilometers north-east of Hong Kong. Additional information is available on the Internet at www.cnoocshell.com
The joint venture partners are Shell Nanhai BV, a member of the Royal Dutch/Shell Group of Companies, with a 50 per cent stake, and CNOOC Petrochemicals Investment Limited (CPIL), also 50 per cent. CPIL is 90% owned by China National Offshore Oil Corporation (CNOOC) and the remaining 10% is owned by Guangdong Guangye Investment Group Co. Ltd., an investment company authorized by the People's Government of Guangdong Province.
CSPC will build, own and operate the petrochemicals complex and market the resulting product, primarily into the domestic market.
The plant will be an integrated chemical complex including steam and electricity generation and other utility provisions, storage and handling and shipping facilities, as well as effluent treatment and environmental protection facilities. Many of the production facilities are world-scale and all are being designed to international standards.
The heart of the complex is a world-scale condensate or naphtha cracker producing 800,000 tons per year of ethylene and 430,000 tons per year of propylene, integrated with downstream units producing different kinds of products. It is the largest capital investment for a Sino-foreign joint venture project to date in China. In total, the complex will produce some 2.3 million ton of products. It will supply products primarily to Guangdong and the high consumption areas of China’s southeast coastal areas where demand is projected to remain strong. The plant will be ready at the end of 2005.
For more information, contact:
Basell Polyolefins: Michelle Harrell
Tel. +1 410 996 1366; +1 302 438 6574; email: michelle.talmo@basell.com
CNOOC and Shell Petrochemical Company Limited: HeWeiYing
Tel. 020-2239-8915; email: he.weiying@cnoocshell.com
