{"id":"d6240cf8-f4e9-4442-9def-587cb0c9f373","slug":"shell-x-cnooc-cspc-joint-venture","name":"Shell x CNOOC (CSPC Joint Venture)","partnershipType":"joint_venture","status":"active","announcedDate":null,"startDate":null,"endDate":null,"summary":"50-50 joint venture established in 2000 between Shell and CNOOC, operating the CSPC petrochemical complex in Daya Bay, Huizhou. Phase 3 expansion approved in January 2025 adds a 1.6 million tonnes/year ethylene cracker and specialty chemicals facility, with total annual capacity reaching 2.2 million tonnes of ethylene.","sources":[{"url":"https://www.shell.com/news-and-insights/newsroom/news-and-media-releases/2025/cspc-a-shell-cnooc-jv-invests-in-petrochemical-complex-expansion-in-china.html","title":"CSPC, a Shell-CNOOC joint venture, invests in petrochemical complex expansion in China","sourceName":"Shell"}],"verificationPosture":"verified","reviewStatus":"reviewed","createdAt":"2026-08-22T18:10:42.172Z","updatedAt":"2026-08-22T19:21:48.102Z","parties":[{"id":"f5b69b48-9f31-427b-b6f3-faf38d4835f7","partnershipId":"d6240cf8-f4e9-4442-9def-587cb0c9f373","companyId":"861a3c80-4e5a-48fb-ba1f-e6e1d6fd0d26","externalName":null,"role":"investor_partner","createdAt":"2026-08-22T18:10:42.554Z","company":{"id":"861a3c80-4e5a-48fb-ba1f-e6e1d6fd0d26","slug":"shell-plc","name":"Shell"}},{"id":"820fbdac-3c69-4655-abe6-c7effa6ac2e4","partnershipId":"d6240cf8-f4e9-4442-9def-587cb0c9f373","companyId":null,"externalName":"CNOOC","role":"investor_partner","createdAt":"2026-08-22T18:10:42.937Z","company":null}]}