Ethylene Oxide/ Ethylene Glycol Licenses Sold by Shell to CNPC

Shell has agreed to sell ethylene oxide/ethylene glycol (EO/EG) licenses for process technology to produce these two chemicals to China National Petroleum Corp (CNPC). CNPC is planning to build a new plant near Chengdu, Sichuan, capable to produce a 380,000 tonnes/year mono ethylene glycol (MEG) facility and a 50,000 tonnes/year ethylene oxide capacity. So far, Shell has sold six EO/EG license to China and with three of them for CNPC. The petrochemical plant will be operated by PetroChina Sichuan Petrochemical, CNPC subsidiary with commissioning targeted in 2010.