Engineering News

Shell and CNOOC say China plant ready to start
Fri Dec 30, 2005 08:13 AM ET

AMSTERDAM, Dec 30 (Reuters) - Oil giant Royal Dutch Shell Plc and China's top offshore producer CNOOC said on Friday construction of their petrochemicals complex at Daya Bay, Guangdong, is complete.

"Final preparations are being made for start-up," CNOOC and Anglo-Dutch Shell said in separate statements. Production would begin in the first quarter. Work at the biggest joint venture project in China started in November 2002. The $4.3 billion project is a joint investment by China National Offshore Oil Corporation (CNOOC), Royal Dutch Shell and Guangdong.

After start-up, the plant will manufacture 2.3 million tonnes of petrochemical products to be supplied to markets in Guangdong Province and Southeast Coastal China where demand for these products is strong.

"The construction ... has been completed within the expected schedule and budget," Shell said.

The Daya Bay project is key to Shell's aim to have a significant presence in China, where demand for plastics and packaging is expected to make up 30 percent of world consumption by 2010.

Shell is the world's third-largest listed oil firm by market value. It merged its two formal parents in 2005, aiming to restore confidence after a reserves overbooking scandal a year earlier.

The overbooking was blamed in part on the company's complicated management and ownership structure at the time.

Source: Reuters

Engineering News Archive

 
// CAREER RESOURCES

Applicant Procedures
Job Seekers
Resume Help
Professional Organizations
Engineering Career Information
Engineering Colleges

// WHAT WE DO
Recruiters for
Professionals in the Chemical
& Pharmaceutical Industries
We recruit exclusively for Engineers and Operations/Maintenance Management Personnel in the following areas:
Specialty chemicals
Bulk chemicals
Commodity Chemicals
Petrochemicals
Fine chemicals
Agrochemicals
Industrial gases
Surfactants
Fertilizers
Solvents
Coatings
Polymers
Pharmaceuticals
Refinery
Career Center | FAQs | Privacy
SESI Corporate Headquarters (954)755-3121 ext 109
© Search Enterprises, Inc. All rights reserved.
Industry News Career Center FAQs Submit a Job About Search Enterprises Submit a Resume Candidates Job Opportunities Search Enterprises Home