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Economic Watch: China's energy development accelerates due to opening-up, int'l cooperation
 
Date:2018-05-23  Source:Xinhua
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.

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