BEIJING, May 20 -- With the start-up of its second ethylene cracker in south China this month, the cooperation between China National Offshore Oil Corporation (CNOOC) and Shell Petrochemical Company entered a new stage.
The 1.2-million-tonne project has more than doubled the capacity of the company's Nanhai petrochemicals complex, thus supporting this 50/50 joint venture between the CNOOC and international oil giant Shell in meeting the growing Chinese market.
"The expansion project demonstrates great synergies between CNOOC's engineering, construction, and management capabilities, and Shell's advanced technologies in chemicals," said He Zhongwen, president of CNOOC Oil & Petrochemicals Co. Ltd.
The project also offered a demonstration of how international cooperation has driven development of China's energy industries, which, like many other sectors, have benefited greatly from the country's opening-up efforts in past decades.
Foreign energy enterprises have played an important role in the investment, design, construction, and management of China's energy projects, said an unnamed official from the international cooperation department of National Energy Administration (NEA).
Since 2017, China has signed more than 100 cooperation agreements with other countries, set up 56 bilateral energy cooperation mechanisms and participated in 29 multilateral ones, which have brought a number of influential projects as well as advancement in energy investment, technologies, equipment, and services.
【国内英语资讯:Economic Watch: Chinas energy development accelerates due to opening-up, intl cooperatio】相关文章:
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