04 May 2010 08:19 [Source: ICIS news]
By John Richardson
SINGAPORE (ICIS news)--The petrochemicals product slate for the Qatar Petroleum (QP), PetroChina and Shell Chemicals project being planned for Taizhou in Zhejiang province, China, has “in principle” been decided, Ben van Beurden, executive vice-president of Shell Chemicals said on Tuesday.
“We have decided in principle on the product slate downstream of the cracker, but have yet to make this public,” said van Beurden in an interview on the sidelines of the official opening event of Shell’s new cracker complex in ?xml:namespace>
“We have (also) drawn up a framework agreement about how this project would work,” he added.
He would not be drawn on a planned start-up date or whether the project - which also involves a refinery - might involve Qatar Petroleum and or Shell supplying crude.
“Some optimisation work on how the refinery would be configured is still being carried out,” he added.
After a feasibility study had been completed, the next step would be to submit a proposal to
ICIS news was earlier told that Fluor Corp was carrying out the study for a 440,000 bbl/day refinery and a 1.2m tonne/year petrochemicals complex.
Van Beurden also said that further expansion of the CNOOC/Shell joint-venture petrochemicals project at
“This is a very well-planned hub and has been a very successful business for us,” he said.
To discuss issues facing the chemical industry go to ICIS connect
Read John Richardson and Malini Hariharan’s blog – Asian Chemical Connections
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|