Industry . . . 40 billion yuan! Another chemical project settled in Guangdong

less than a month, two world-class projects settled in Daya Bay Petrochemical Zone, with a total investment of 110 billion yuanrecently, CNOOC Shell Huizhou Phase III ethylene project in Guangzhou, Beijing, the Hague, the Netherlands, three places held a strategic cooperation framework agreement "cloud signing" ceremonyThis is the second major foreign investment project in Guangdong Province after the start of the $10 billion Exxon Mobil Huizhou ethylene project on April 22the project in the first phase of 1 million tons / year ethylene, the second phase of 1.2 million tons / year ethylene on the basis of the new 1.5 million tons / year ethylene scale, a total investment of about 5.6 billion U.Sdollars (equivalent to more than 39 billion yuan), the estimated annual output value of about 38.2 billion yuanthe third phase of the contracted project to ethylene cracking device as the core, the introduction of international advanced technology to produce high-value petrochemical products with high value-added, high-difference, high competitiveness, to meet the Greater Bay Area for high-performance chemical new materials and high-end chemicals market shortage and development needsThe main products include ethylene, propylene, butadiene, ethylene oxide/ethyl glycol, styrene/epoxy propane, linear alpha olefins, polyalpha olefins, high-carbon synthetic alcohol, polyethylene, copolypropylene, etc., a total of 14 sets of world-class production equipmentShell is the world's largest automotive fuel and lubricants retailer and private natural gas producer and trader, as well as the largest existing foreign-owned company in The Daya Bay Petrochemical ZoneAs a fortune of the world's top 500 companies, Shell Has a long history of cooperation with CNOOCIn November 2001, CNOOC and Shell made a final investment decision, and THE first phase of CNOOC Shell entered the implementation phase, with a total investment of US$4.3 billion, making it the largest Sino-foreign joint venture project in China at that time, which was completed and put into operation in January 2006in December 2014, the construction of the second phase of the CNOOC Shell project, with a total investment of approximately US$4.9 billion, was completed and put into operation in April 2018With the completion and commissioning of phases i and II, CNOOC Shell has become the largest single ethylene production plant currently in operation in Chinaon the basis of CNOOC Shell's first phase of 1 million tons/year ethylene and the second phase of 1.2 million tons/year ethylene, Shell Group once again joined hands with CNOOC each holding 50% of the shares to invest in the third phase of ethylene project, of which alpha-olefin, poly-alpha-olefin, poly-alpha-olefin, mao metal polyethylene technology was first used in the Asia-Pacific regionSince the construction of the third phase of the project, has been highly valued by the state, province and city, has been included in the national "petrochemical industry layout program" reserve project