CSPC and Basell work together to serve China market
CNOOC and Shell Petrochemicals Company Limited (CSPC), the largest Sino-foreign joint venture today in China, and Basell polyolefins are working together to meet the needs of the fast-growing polyolefins market in China.
CSPC is constructing a world-scale petrochemicals complex in Guangdong Province that will include three polyolefin facilities utilizing Basell state-of-the-art process technologies. The three plants will have an annual total capacity of 690 KT -- 200 KT of high density and medium density polyethylene based on the Lupotech G process, 250 KT of low density polyethylene based on the Lupotech T process and 240 KT of polypropylene based on the Spheripol process. The plants are scheduled to come on-stream at the end of this year.
Basell will provide sales and marketing services for the polyethylene and polypropylene resins produced at the CSPC plants during the pre-production phase and for an initial period after the plant start-up.
"We look forward to working with Basell to serve polyethylene and polypropylene customers in China," said Charles Ng, Commercial Director of CSPC. "This cooperation will form a strong synergy between CSPC's domestic production, and Basell's regional and local strengths in sales and marketing as well as product and technology leadership."
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