News & Media releases

CNOOC and Shell Nanhai petrochemicals complex moves into start-up phase

30/12/2005

Royal Dutch Shell plc today welcomed the announcement by the Board of CNOOC and Shell Petrochemicals Company Limited (CSPC) that construction of its world-scale petrochemicals complex at Daya Bay, Guangdong, is complete and final preparations are being made for start-up. The construction of the world-class facility has been completed within the expected schedule and budget.

The Daya Bay project is fundamental to the Shell strategic objective to grow a significant presence in China, where demand for plastics and packaging is expected to make up 30% of world consumption by 2010.  The investment is consistent with the Shell strategy of “more upstream, profitable downstream”.

30 Dec 2005 - Largest Capital Investment for a Sino-foreign joint venture Project in China - CNOOC and Shell Nanhai petrochemicals complex moves into start-up phase

Notes to editors:

• Shell has a 50% stake in the joint venture company - the CNOOC and Shell Petrochemicals Company (CSPC) - with CNOOC Petrochemicals Investment Limited (CPIL) holding the other 50%.
• For more information www.shell.com/chemicals/nanhai - opens in new window - opens in new window.
• For high resolution downloadable photos log onto the Image library at  www.shell.com/chemicals/news - opens in new window - opens in new window.