Shell Petrochemicals Company’s lower olefins plant at the petrochemical complex in Huizhou, Guangdong Province.
Shell Nanhai B.V. and China National Offshore Oil Corporation’s 50:50 JV has officially assumed ownership of CNOOC’s ongoing project to build an ethylene cracker and several derivatives units, after receiving all the necessary government approvals.
Following a final investment decision in March 2016, the project will now be owned and operated by the existing joint venture, CNOOC and Shell Petrochemicals Company Ltd. (CSPC).
The facilities being built next to CSPC’s existing petrochemical complex in Huizhou, Guangdong Province will increase ethylene production capacity by 1.2 MMtpy. Around 70% of the construction work is now complete and the new facilities are expected to start up around 4Q next year. The expansion project will also include the largest styrene monomer and propylene oxide (SMPO) plant in China.
Shell will apply its proprietary OMEGA, SMPO and polyols technologies to produce 150 Mtpy of ethylene oxide, 480 Mtpy of ethylene glycol, 630 Mtpy of styrene monomer, 300 Mtpy of propylene oxide, and 600 Mtpy of high quality polyols. This more than doubles the volumes and range of CSPC’s high quality products to around 6 MMtpy. It will be the first time that Shell’s industry-leading OMEGA and advanced polyols technologies are applied in China.
The CSPC site, which has a strong track record of reliable and safe operations, currently converts a variety of liquid feedstocks into olefins and derivative products. These are used in a wide range of consumer goods, including computers, plastic bottles, cars, furniture, washing liquids and personal care products.
Source: Hydrocarbon Processing
Neste Corporation’s Board of Directors has appointed Heikki Malinen, M.Sc. (Econ.), MBA (Harvard) as the President and CEO of Neste as of 2 November 2024, at the latest. Malinen joins Neste from Outokumpu Corporation where he has held the position of President and CEO since 2020.
Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31. Sasol has started the process to appoint a successor. Rossouw will still oversee the publication of Sasol’s reports for the financial year ending June 30, to allow for a structured handover period.
Chemours announced its CFO Jonathan Lock has resigned from all positions within the company, according to an SEC 8-K filing on April 23. The resignation comes in the aftermath of the company announcing that Lock, former CEO Mark Newman, and principal accounting officer Camela Wisel, had been placed on administrative leave.
