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construction review
$500 Million Louisiana Ev Battery Plant Construction Commences: The First Of Its Kind In The United States
On 13, February 2025, a Japanese company commenced the Louisiana EV Battery Plant Construction works. This facility is a $491 million production facility at Jefferson Parish. The upcoming facility will manufacture electric vehicle battery ingredients and will be the first of its kind in the United States. UBE Corporation will construct a facility on Cornerstone’s campus in Waggaman to make dimethyl carbonate and ethyl methyl carbonate. These two are solvents that are mainly used in EV batteries and semiconductors. This facility is set to be set up despite the pushbacks from the neighbors in the previous months over environmental concerns. Also read: Meta Plans $10B New AI Data Center in Richland Parish, Louisiana According to company leaders, this project is expected to cut the reliance of U.S on the Chinese imports. “All of these battery manufacturing facilities located in the U.S. will be able to source all raw materials domestically. This therefore means a shorter supply chain, a more cost-effective supply chain and better integration in the United States,” stated Tom Yura, who is the chief operating officer and site director of UBE’s American subsidiary. At the groundbreaking ceremony on Thursday were Japanese Consul-General Shinji Watanabe and UBE President Masato Izumihara. Cornerstone President and CEO Matthew Soko, several local business leaders, and elected officials were also present. This plant is expected to kick off operations in the year 2027. This project will create nine permanent jobs, as well as 47 contractor positions through Cornerstone. The construction of the project is expected create 400 temporary jobs. The project will be accorded an $80 million tax break over the next ten years. This will be accorded through the Industrial Tax Incentive Program after being approved by the Jefferson Parish Council, School Board and Sheriff’s Office in 2024. UBE and Cornerstone faced pushbacks from residents in Waggaman and River Ridge last fall on the project. This was when it was seeking approval from the Jefferson Parish Advisory Board to continue with the project. The neighbours packed into planning meetings to oppose the application. The application initially sought to expand industrial zoning to within 10 feet of the surrounding homes. Also read: Natron Energy to Build $1.4B Sodium-Ion Battery Manufacturing Facility in North Carolina Cornerstone later on changed the application and proposed to remove the expansion and only construct UBE’s facility on its preexisting campus. However, the residents still raised concerns that another chemical manufacturer on the site could pose threats to their health and safety. Many of them said they lacked trust in Cornerstone after previous controversies it faced, like when its tenant Dyno Nobel constructed a boiler on the campus without proper permits. The planning board voted to recommend approval in October after twice deferring a decision, and the Parish Council unanimously approved it a month later. Additionally, the Louisiana Department of Environmental Quality granted an air permit in December.
factory
Feb 14, 2025
construction review
Firms Submit Proposals On $2 Billion Saudi Lenovo Production Plant
Interested contractors have submitted their proposals for the Saudi Lenovo production plant. Chinese-based technology company, Lenovo, seeks to build a manufacturing facility based in Riyadh. Dubbed the Oasis project, proposals for the project were submitted earlier this week. Earlier last week, Lenovo broke ground on where the site where the facility is expected to be constructed. It is expected that the facility will be constructed on a 200,000 square-meter site. The location is at the Special Integrated Logistics Zone at King Khalid International Airport in Riyadh. Once completed, the airport where the facility is based is expected to be the world’s largest. Furthermore, the plan is for the construction works to be conducted in two phases. Each phase of the Saudi Lenovo production plant is expected to be operational by 2026. The first phase entails the construction of the first plant building and the main office building. Moreover, it includes the construction of warehouses, other buildings and associated infrastructure. The second phase entails the construction of the second plant building and other associated buildings. Completion of this phase is expected by August 2026. Also read: World’s Largest Airport Project Takes Shape as Firms Submit Runway Prequalification Lenovo signed a collaboration agreement with Alat to facilitate setting up the Saudi Lenovo production plant. Moreover, Lenovo secured a $2bn investment deal with Alat to manufacture computer devices in the kingdom. The funding is expected to facilitate construction and the establishment of a regional headquarters for the Middle East and African Market. The headquarters will include customer centers, research and development centers and manufacturing facilities. Once completed, the company aims to create 39,000 direct jobs and achieve a direct non-oil GDP contribution of $9.3bn. The Saudi Lenovo production plant is one of the aims Alat has in ensuring that it achieves its objectives outlined in the Saudi Vision 2030. Alat aims to manufacture more than 30 product categories such as robotic systems and communication systems. Moreover, it also aims to include advanced heavy machinery used in construction, building and mining. Also read: $100 Billion Alat Tech Hub Unveiled in Saudi Arabia Saudi Arabia’s $2 Billion Mixed-use District Development Contract Awarded
factory
Feb 14, 2025
construction review
Thaco’S Ambitious $1.4 Billion Industrial Park Project In Vietnam
Plans for a US$1.4 billion industrial park in Vietnam have been unveiled by THACO. The park will span an area of 700 hectares and was announced earlier this week by the chairman of the Board of Directors of THACO during a meeting held with the Prime Minister Pham Minh Chinh. Additionally, there were representatives of 26 leading state-owned and private enterprises present at the meeting in Hanoi. In 2022, THACO and Binh Duong People’s Committee signed an MoU that was supposed to implement the project. The company is the largest corporation in the country that specializes in mechanical engineering and supporting industries such as agricultural equipment, industrial equipment, and semi-trailers. Also Read The Birth of Vietnam’s Modern City – The Sun Urban City Ha Nam Project# The park is aimed at small and medium-sized enterprises especially however, it will be open to all partners. It has been established based on mutual support for common development of Binh Duong’s business communities. THACO Industries is the arm of the company that supports the mechanical sector. At themoment, it operates 19 manufacturing facilities and R&D and testing centres in the Chu Lai Economic Zone in the central province of Quang Nam. Location: Hanoi, Vietnam Project scope: 700 hectares Developers: THACO Group Project cost: US$1.4 billion During the meeting, the prime minister called on private enterprises to serve as pioneers in innovation, digital transformation, development and application of science and technology. Additionally, to contribute more to the implementation of the three strategic breakthroughs; infrastructure, institutions and workers. Earlier this month, Thaco also inaugurated a series of major projects. These include further expanding its industrial ecosystem in the central province of Quang Nam. Furthermore, the company launched a new 50,000-DWT berth at Chu Lai International Port. The berth is intended to expand the total length of the port by 365 meters to 836 meters. It is designed to accommodate general cargo and container ships with capacities of up to 50,000 DWT, addressing the region’s growing export demand. Also Read Tam Sinh Nghia Waste-to-Energy Plant: Vietnam’s First Dip into Waste-to-Energy Project
factory
Feb 13, 2025
construction review
Isuzu Expands Us Footprint With New $280M South Carolina Production Plant
Isuzu North America Corporation is establishing a new production plant in Greenville County, South Carolina, to enhance its capacity to manufacture electric commercial vehicles as North America gets set for the conversion to electric commercial vehicles. The corporation has purchased a 1-million-square-foot structure on more than 200 acres, which it is developing into a new state-of-the-art assembly facility. The plant will boast a best-in-the-world assembly line with the ability to produce both traditional internal combustion engine vehicles and electric vehicles. Of special note, it will be Isuzu’s first plant that will dispense with traditional conveyors and pits for greater flexibility and scalability. It will also employ advanced automated quality control systems, including image-based inspections and traceable part tracking, to enhance production efficiency and minimize errors. Strategically located on the principal transportation routes, the plant is located close to I-85, connecting Greenville to Atlanta and Charlotte, and I-26, with immediate access to the Port of Charleston—the East Coast’s deepest. State and local governments helped guide Isuzu to the location, taking advantage of the region’s high industrial density and highly skilled workforce. Greenville County is today a world-class automotive production hub, solidifying Isuzu’s position in the industry even further. Read also: Plans Announced for US$ 50M Toyota Electric Vehicle Battery Lab in Michigan Location: Greenville County, South Carolina 1-million-square-foot building 200+ acres of land Land acquisition Building renovation Equipment and tooling Annual target: 50,000 vehicles by 2030 Vehicle types: N-Series Gas, N-Series Electric, F-Series Diesel trucks Total workforce: 700+ employees Initial production: 2027 Expansion phase: 2028 Dual production capability (ICE and EV) No traditional conveyors or pits Automated quality control systems Image-based inspection Traceable parts tracking Access to I-85 (Atlanta/Charlotte routes) Access to I-26 (Port of Charleston connection) Next to the East Coast’s deepest seaport The company is investing $280 million in land, building, equipment, and tooling to underpin the facility. The plant will have the capacity to make 50,000 vehicles a year by 2030, starting with the Isuzu N-Series Gas, N-Series Electric, and F-Series Diesel trucks. The plant will start making vehicles initially in 2027, and the second phase is scheduled for 2028. The facility, when running at full capacity, will have over 700 workers. Noboru Murakami, President of Isuzu North America Corporation, emphasized the importance of the new South Carolina factory, stating, “Having an Isuzu-owned and operated plant in the U.S. is evidence of our long-term commitment to the North American market. This plant will optimize our operations, enhance our ability to weather market cycles, and enable future growth.” South Carolina is among the top automobile manufacturing hubs, with titans like BMW propelling Greenville’s economy since the early 1990s. The addition of Isuzu’s new manufacturing facility will further cement the state’s image as a car manufacturing giant. Read also: Toyota’s Rear Axle Production plant in San Antonio, Texas Read also: Top 10 Dump Truck Manufacturers in the World
factory
Feb 13, 2025
construction review
New Class-A Industrial Facility, Source Logistics Center, Underway In Tempe
Construction has officially begun on the Source Logistics Center, a new Class-A industrial facility in Tempe, Arizona. Developed by Creation, a real estate equity firm, the center will cover 144,885 square-feet on the southeast corner of Warner Road and Hardy Drive. The ground breaking ceremony was attended by various city officials, investors and partners of Creation. Further, the event happened not long aafter the 15-acre site was acquired in collaboration with CrossHarbor Capital Partners in December. Also ASU Research Park Named Site for Third CHIPS for America R&D Flagship Facility in Arizona The project is scheduled to be completed in mid-2026. The Source Logistics Center will offer 32-foot clear heights and six acres of contiguous yard space. This will offer flexible options for material storage, trailer parking and box truck or van parking to support last-mile delivery needs. Moreover, the center is located not too far from the I-10 and Loop 101 Freeways. Additionally, the facility will be located close to the Phoenix Sky Harbor International Airport. The project architect and general contractor of the project is LGE Design Build. In addition, Tanner Ferrandi, John Werstler and Cooper Fratt from CBRE are leading the leasing process. Location: Tempe, Arizona Project scope: 144,885 square-feet Developer: Creation Equity Project contractor: LGE Design Build Architect: LGE Design Build “Breaking ground on Source Logistics Center showcases our commitment to delivering modern, infill industrial space in land-constrained submarkets with high barriers to entry. Tempe’s limited land availability and strong demographics drive demand for sites that can accommodate vehicles, equipment, inventory and raw goods,” said Grant Kingdon, principal of Mountain West Region at Creation. The company has been involved in a number of successful industrial and mixed-use developments across the country. Some of these projects include the Park Algodon in Phoenix and Thunderbird Commerce Park in Scottsdale. Furthermore, the company recently sold the Airpark Logistics Center in Goodyear for US$184 million.. Also Read Logistics Park Phoenix: A $3.2 Billion Intermodal and Logistics Hub in Arizona
factory
Feb 13, 2025
construction review
What Next For Cloetta’S Proposed Greenfield Plant Project In Netherlands
Cloetta has announced it will not proceed with the Greenfield plant project in Netherlands. Reasons sighted include increased energy supply risks and the permitting process that was still underway. The indicated permitting phase precedes the construction phase of most – if not all, construction projects. This would have so far been Cloetta’s largest single investment. The leading confectionery company in Northern Europe had announced the stalling of the Greenfield facility in September last year. This meant the project’s construction and related infrastructure investments were put on hold. Reason for this was reassessment of the mentioned risks among other investment parameters. Including the relatively limited investments and opportunities in their supply chain to compensate for their input to the project. “As the greenfield project is still in an early phase, investments have so far been relatively limited. Furthermore, there remain opportunities in our existing manufacturing network to compensate for the volumes planned to be produced by the greenfield in the mid-term. This is the right time to reassess if there are better alternatives to secure a more efficient manufacturing structure to support Cloetta’s long-term profitable organic growth and environmental footprint”, commented Katrina Tell, President and CEO at Cloetta. Reasons sighted for the need for reassessment span from the rising inflation in Europe to increased geo-political uncertainty with regard to energy supply. The pull-back is however not all gloomy and bleak as the Q1 2025 market for the company will stand to gain. This will be accounted for by the reversal of capital and borrowing costs that were directed to Cloetta’s Greenfield plant project. The investment announcement to keep-on-track the Greenfield facility was made in 2022. Also included in the announcement was the closure of three more facilities in the Netherlands and Belgium. This would have seen the confectionery company make its seventh production unit but we will now stick to the six spread out in five European countries. Cloetta, Jenkki, and CandyKing are some of their brands on the market. Also read: CNOOC-Shell JV invests $8bn in petrochemical projects in South China Also read: US$5.5 Billion LG Battery Plant in Phoenix; work starts on stalled project
factory
Feb 10, 2025
construction review
Huangpu District Breaks Ground On $20.7 Billion Worth Of Projects
Huangpu district, a town located in the outskirts of Guangzhou in China, will see over 100 projects begin construction in the following weeks after a number of contracts were signed earlier this week. The projects, coming to a total of US$ 20.7 billion cover industries such as high-end manufacturing facilities, infrastructure and new energy. Additionally, there will be next-generation information technology, modern services facilities constructed during this period. Officials held a groundbreaking ceremony for the projects in Zhongshan where Shen Shanzhou, district governor of Huangpu, said that priority will be given to the development of a number of projects. These include the first-store economy, duty-free shopping, and the night time economy. Also Read World’s highest bridge update: Huajiang grand canyon bridge in China ready for closure The local government will also roll out innovative measures that include practices to streamline business and approval procedures. Furthermore, they aim to reduce administrative service costs, and improve administrative service efficiency. This will be done using online platforms and digital technologies in an effort to build a first-class business environment. Location: Huangpu district in Guangzhou, Guangdong province Project Costs: US$20.7 billion Total number of projects: 144 The Party chief of Huangpu district, Gao Yun, said that Huangpu will put great emphasis on the development of high-end industries, and build more competitive industrial clusters that focus on finance, trade, and professional services. Efforts will also be made to develop new emerging industries. The goal is to create a new growth pole for economic development. The projects which respectively represent approximately 80 percent of the total number of projects. Further, these investments are expected to contribute US$11.6 billion in industrial production in the future.Of the 117 projects, 93 with a total investment of US$8 billion are focused on strategic emerging industries and future industries, accounting for a significant proportion. Also Read CNOOC-Shell JV invests $8bn in petrochemical projects in South China
factory
Feb 09, 2025
construction review
Skanska To Design And Manage The £1.25Bn Low Carbon Steelmaking Scheme By Tata Steel In South Wales
Skanska has been selected by Tata Steel to provide civil and structural design for its low carbon steelmaking scheme located in South Wales. The scope of work ranges from the building of foundation to the installation of structures. Also in the latest deal to Skanska for the new electric arc furnace (EAF) in South Wales is the design of infrastructure and drainage. In tune to all this, the world leading project development and construction company will help cement the steelmaking imprint in South Wales. Location: Port Talbot, South Wales Client: Tata Steel Type: Low carbon steelmaking scheme Civil and Structural works: Sir Robert McAlpine Design and Project management: Skanska’s Technology Business Cost: £1.25bn Projected annual steel production capacity: 3 million tonnes Commissioning date: 2027 Tata’s new EAF facility in South Wales will take the place of the decommissioned iron and steelmaking facilities. Running at an initial cost of £1.25bn, the state-of-the-art facility is expected to produce up to 3 million tonnes of steel annually. After planned decommissioning in the last quarter of 2027, the low carbon steelmaking facility will reduce greenhouse gas emissions by around 90%. This, according to the project stakeholders, runs up to 5 million tonnes of carbon annually. The appointment of Skanska to lead the design and manage the £1.25bn low carbon steelmaking scheme by Tata Steel in South Wales comes with a lot of optimism and assurance. This investment is the biggest in the UK steel industry so far according to Tata Steel UK’s head of project engineering, Dave Murray. Murray insisted on the criticality of the project with regard to time and money invested. He remarked of the selected contractor(s) as fit for the project and, “with a strong reputation for delivery”. Skanska also revealed that the work behind-the-curtains for the complex project has been ongoing for the last four years. The low carbon steelmaking project by Tata Steel will create and safeguard jobs across the UK and attract more investors for new opportunities in the region. And as it is the way of the century, take care of the environment. Also read: Should you still use steel in construction? Samsung E&A Secures $1.7 Billion Ta’ziz Contract for Largest Methanol Plant in UAE New Lindsay C. Warren Bridge: Skanska to rebuild bridge in North Carolina after $450m contract award
factory
Feb 06, 2025
construction review
Samsung E&A Secures $1.7 Billion Ta’Ziz Contract For Largest Methanol Plant In Uae
Samsung E&A has been awarded a US$1.7 billion contract by Ta’ziz to construct one of the largest methanol plants in the world in Abu Dhabi. The company announced the contract for the 1.8 million tonne per annum plant earlier today and is “a significant step in realising Ta’ziz’s vision to drive the UAE’s industrial growth by creating a world-scale integrated chemicals ecosystem in Al Dhafra region” according to Mashal Al Kindi, chief executive of Ta’ziz. It will greatly improve the Emirates’ economic diversification by unlocking new domestic chemical value chains. Also Read Etihad Rail Issues Tender for the Abu Dhabi-Dubai High-Speed Rail Samsung E&A aims to complete the methanol plant in the UAE by 2028. It will be powered by clean energy from the grid. This will make it one of the world’s most energy-efficient methanol plants. As methanol is is a clean burning fuel, it will produce fewer smog-causing emissions. Furthermore, it serves as an alternative to high-sulphur fuels used in marine transport. The chemical is among the most promising transition fuels. It offers a cleaner alternative to conventional fuels used in power generation such as diesel and coal. What’s more, the plant will be the first methanol production facility in the United Arab Emirates. Location: Al Dhafra region, Abu Dhabi Project cost: US$1.7 billion Completion date: 2028 Contractor: Samsung E&A Project Developer: Ta’ziz “The plant will enhance the country’s position as a leader in sustainable chemicals production. Moreover, it will strengthen TA’ZIZ’s role in enabling ADNOC’s global ambition to lead the chemicals sector,” Al-Kindi added. The initial phase of the plant will see Ta’ziz produce 4.7 mtpa of chemicals by 2028. That includes methanol, polyvinyl chloride and low-carbon ammonia. Other chemicals include ethylene dichloride, vinyl chloride monomer and caustic soda. Methanol production has nearly doubled in the past decade. Currently, around 98 million tonnes are produced a year according to a report from the International Renewable Energy Agency . Under current trends, production could rise to 500 million tonnes a year by 2050, it said. Also Read Nigeria’s $3.3 Billion Mega Project: Brass Methanol Project
factory
Feb 03, 2025
construction review
Orion, Adq $1.2Bn Jv To Dive Into Emerging Metals And Mining Markets In Africa, Asia, Latin America
Orion (Orion Resource Partners) and ADQ have entered into a JV set to initially focus on emerging metal and mining markets in Africa, Asia, and Latin America. The initial first four years investment by the 50/50 JV stands at $1.2bn. The Orion, ADQ JV is geared towards strengthening UAE’s supply chain in the metals and mining sector globally. The initial investment will be financially-centered, focused on buying shares, providing loans, and securing production deals. Also of intent strategic focus by the Orion, ADQ JV is the creation of long-term agreement to acquire essential minerals like copper and high-grade iron ore. These among others have been termed critical to the “global supply chain security” and the “energy transition” by official statement on the JV. The sourcing of the raw materials is will be of benefit to the manufacturing and (clean) energy industries. The Orion, ADQ JV falls under ADQ’s Infrastructure and Critical Minerals cluster that is aimed at delivering long-term financial returns. The JV will see investments across assets classes. Also within the ring of latest investments by ADQ is Alpha Dhabi Construction and Plenary Group. With the financial returns set for the local (Abu Dhabi) economy, the formed cluster will not fall short of its goals. Heading the culmination of a strong global reach, minerals and mining sectors expertise, and transactional experience is Orion’s Philip Clegg. The former Managing Partner will also oversee the expansion of Orion’s global reach. This will push their number to up to 5 global offices after the latest Orion, ADQ JV. Also in sight of the Orion Abu Dhabi partnership is the need to support global decarbonization goals. This also includes the advancement of sustainable production of resources much needed in our industrialized world. The “best-in-class” mining projects that will be sourcing funds from the ADQ, Orion JV in their ventures in Africa, Asia, and Latin America will benefit both the global and Abu Dhabi’s economy. The target companies will be those focusing on urbanization and societal development. Also of interest will be those in clean energy, as chiefly deduced by Orion Abu Dhabi office head. Much is expected of this partnership. A rather “natural step” for the ADQ group as put by their Deputy Group CEO, Hamad Al Hammadi. Also read: CNOOC-Shell JV invests $8bn in petrochemical projects in South China Also read: TotalEnergies Delays $20 Billion Mozambique LNG Project Once Again
factory
Jan 30, 2025
construction review
Cnooc-Shell Jv Invests $8Bn In Petrochemical Projects In South China
In its latest investment, CSPC, a CNOOC-Shell JV, has pumped $8bn (60 billion yuan) to expand its petrochemical facilities in South China. The two projects are Huizhou Phase 3 Ethylene Project and the Polycarbonate Project. Both are already under construction and expect completion before 2030. The world’s largest mobility retailer by number of sites, Shell, and China National Offshore Oil Corporation (CNOOC) formed the CNOOC-Shell JV in 2000. The duo has been involved in petrochemical projects in China and around the world. This latest financial investment decision will see the CNOOC-Shell JV not only expand the two petrochemical projects in Huizhou, South China, but also increase their influence in the “high-end new material” markets. The third phase of the project broke ground in May 2023. It consists of 18 sets of processing units, and an ethylene plant. The plant will produce 1.6 million tons per annum of high quality, green, chemicals products. The petrochemical project also reports to apply sustainable practices in the production process. There is ample focus on decarbonization, and the mentioned “green” petrochemical products. The $8bn investment by the CNOOC-Shell JV will also strengthen the Daya Bay Petrochemical Industry Park indirectly as projected market speculations point to. The third phase of Huizhou Ethylene Project follows the phases 1 and 2 that currently produce 2.2 million tons of petrochemical products per annum. Name: Huizhou Phase 3 Ethylene Project Client: CNOOC and Shell Petrochemical Companies (CSPC) Ground breaking date: 2023 Completion date: 2028 Current production by phases 1 and 2 projects: 2.2 million t/a Future estimated production: 3.8 million t/a The $8bn investment by CSPC will also see the building of three mega units plus R&D facilities. The three units will produce 260,000 t/a, 240,000 t/a, and 220,000 t/a of Polycarbonate, Bisphenol (A), and Carbonate Disphenyl Ester respectively. The completion date of the Polycarbonate project in China is slated for 2026. Name: Polycarbonate Project Client: CNOOC and Shell Petrochemical Companies (CSPC) Ground breaking date: 2023 Completion date: 2026 Future estimated production: 320,000 t/a The $8bn investment by CNOOC-Shell JV to expand the two petrochemical projects in South China will also serve a visionary purpose. According to CSPC’s CEO, Gao Yu, this investment on the expansions will “enhance the operational and energy efficiency of integrated refining and chemical operations”. This will further help CNOOC-Shell JV, CSPC, leverage the “Banyan Tree Effect”. The banyan tree is often associated with stability and longevity in many cultures, predominantly in Asian cultures. Progress on the two petrochemical complexes in well on track with completion set to feature “high-standards” for what will become the best petrochemical company in China. The oil and gas industry is the backbone, if not one of the most important, of all the other industries in the world. It finds its touch in consumer goods, medicine, housing, construction, transportation, and nearly every other major sector in the world. The petrochemical sector is the banyan tree of the oil and gas industry, and that is not changing soon. Also read: A hydrogen-fueled future: Singapore invests $1bn in new power plant Also read: Beyond limits: “The Three Gorges Dam Above Earth” project unveiled by China
factory
Jan 16, 2025
construction review
Cspc, A Cnooc-Shell Jv Invests $8Bn To Expand Huizhou Phase 3 Ethylene And The Polycarbonate Projects In China
In its latest investment, CSPC, a CNOOC-Shell JV, has pumped $8bn (60 billion yuan) to expand its petrochemical facilities in South China. The two projects are Huizhou Phase 3 Ethylene Project and the Polycarbonate Project. Both are already under construction and expect completion before 2030. The world’s largest mobility retailer by number of sites, Shell, and China National Offshore Oil Corporation (CNOOC) formed the CNOOC-Shell JV in 2000. The duo has been involved in petrochemical projects in China and around the world. This latest financial investment decision will see the CNOOC-Shell JV not only expand the two petrochemical projects in Huizhou, South China, but also increase their influence in the “high-end new material” markets. The third phase of the project broke ground in May 2023. It consists of 18 sets of processing units, and an ethylene plant. The plant will produce 1.6 million tons per annum of high quality, green, chemicals products. The petrochemical project also reports to apply sustainable practices in the production process. There is ample focus on decarbonization, and the mentioned “green” petrochemical products. The $8bn investment by the CNOOC-Shell JV will also strengthen the Daya Bay Petrochemical Industry Park indirectly as projected market speculations point to. The third phase of Huizhou Ethylene Project follows the phases 1 and 2 that currently produce 2.2 million tons of petrochemical products per annum. Name: Huizhou Phase 3 Ethylene Project Client: CNOOC and Shell Petrochemical Companies (CSPC) Ground breaking date: 2023 Completion date: 2028 Current production by phases 1 and 2 projects: 2.2 million t/a Future estimated production: 3.8 million t/a The $8bn investment by CSPC will also see the building of three mega units plus R&D facilities. The three units will produce 260,000 t/a, 240,000 t/a, and 220,000 t/a of Polycarbonate, Bisphenol (A), and Carbonate Disphenyl Ester respectively. The completion date of the Polycarbonate project in China is slated for 2026. Name: Polycarbonate Project Client: CNOOC and Shell Petrochemical Companies (CSPC) Ground breaking date: 2023 Completion date: 2026 Future estimated production: 320,000 t/a The $8bn investment by CNOOC-Shell JV to expand the two petrochemical projects in South China will also serve a visionary purpose. According to CSPC’s CEO, Gao Yu, this investment on the expansions will “enhance the operational and energy efficiency of integrated refining and chemical operations”. This will further help CNOOC-Shell JV, CSPC, leverage the “Banyan Tree Effect”. The banyan tree is often associated with stability and longevity in many cultures, predominantly in Asian cultures. Progress on the two petrochemical complexes in well on track with completion set to feature “high-standards” for what will become the best petrochemical company in China. The oil and gas industry is the backbone, if not one of the most important, of all the other industries in the world. It finds its touch in consumer goods, medicine, housing, construction, transportation, and nearly every other major sector in the world. The petrochemical sector is the banyan tree of the oil and gas industry, and that is not changing soon. Also read: A hydrogen-fueled future: Singapore invests $1bn in new power plant Also read: Beyond limits: “The Three Gorges Dam Above Earth” project unveiled by China
factory
Jan 15, 2025