CNOOC Shell Petrochemicals Co., Ltd. recently announced that its Huizhou Phase III ethylene and polycarbonate projects have completed their final investment decisions, marking the official start of comprehensive construction.

The Huizhou Phase III Ethylene Project will construct an ethylene cracking unit with an annual production capacity of 1.6 million tons, and will be equipped with 16 advanced chemical production units and facilities.
 The project is planned to be put into operation in 2028 and will introduce multiple process technologies that have been applied for the first time in Asia and China, including 7 sets of equipment using Shell's proprietary technology.
 It is expected to provide over 5 million tons of chemical products to the market annually, covering various high-end materials such as metallocene polyethylene, polypropylene, styrene, etc.
 Meanwhile, by optimizing the design and adopting electrification measures, the project will achieve a 20% reduction in carbon dioxide emissions, promoting the application of green energy electricity.

The polycarbonate project focuses on the production of high-performance specialty chemicals, and will build a polycarbonate plant with an annual production capacity of 260000 tons, as well as supporting 240000 tons of bisphenol A and 220000 tons of diphenyl carbonate plants.
 This project adopts Shell's proprietary technology for the world's first industrial application, which has advantages such as low cost, low energy consumption, and safety and environmental protection.
 It is expected to produce 320000 tons of high-performance specialty chemicals annually by the end of 2026, meeting the market's demand for high-end materials such as polycarbonate and carbonate solvents.

According to Gao Yu, President of CNOOC and Shell, the third phase of the project will be integrated with the existing resources of the first and second phases, as well as the refining industry of Huizhou Petrochemical, to improve energy efficiency, extend the product value chain, and deepen the layout of high-end new materials.
 This will help meet the needs of domestic customers for the extension and development of the petrochemical industry chain, and attract more downstream customers to settle in the Huidong New Materials Industrial Park, contributing to the construction of a global petrochemical industry highland in Huizhou and Daya Bay.

CNOOC Shell was founded in 2000 and currently has two factories in operation, with a total ethylene production capacity of 2.2 million tons per year.
 With the completion of two new projects, the total ethylene production capacity of CNOOC and Shell will increase to 3.8 million tons per year, which can supply over 10 million tons of high-quality and diversified petrochemical products to the market.

Huang Zhongjin, Vice President of CNOOC Shell, emphasized that these two projects will drive the company to become the preferred partner for highly differentiated product solutions.
 With the continuous investment and improvement of R&D capabilities in product application research and development, CNOOC Shell will be committed to providing customer-centric product solutions, developing customized and high-end products, and fulfilling its commitment to sustainable development and high-quality lifestyle.
 At the same time, the completion of the final investment decisions for the two new projects fully demonstrates the firm confidence of both shareholders in the future development of CNOOC Shell, a good government enterprise ecosystem, and the growing demand for high-performance chemical products in China.