Shell outlines China jv plans
Shell`s (London) plans to set up a $5-billion refinery and petrochemical venture in China are on track, and the company hopes to sign an agreement in October for project completion in mid-1998. The venture - Guangdong Shell Oil and Petrochemical Joint Venture Co. - will be owned 50% by Shell, with the rest split among China National Offshore Oil Co. (20%), Sinopec (10%), CNPC(10%), Guangdong Province (5%), and China Merchants Holding Co. (5%). The complex will include an oil refinery processing 5 million m.t./year of Chinese heavy crude and imported Arab light crude. The cracker will use flashed distillate and deasphalted heavy oil from a Shell hydrocracker and produce 450,000 m.t./year of ethylene. Stone & Webster (Houston) and ABB Lummus Crest (Bloomfield, NJ) are competing to supply the ethylene plant.
- OSTI ID:
- 549213
- Journal Information:
- Chemical Week, Journal Name: Chemical Week Journal Issue: 25 Vol. 152; ISSN CHWKA9; ISSN 0009-272X
- Country of Publication:
- United States
- Language:
- English
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