Royal Dutch Shell said the construction of its $4.3 billion petrochemicals complex co-owned with CNOOC at Daya Bay, China, is moving to start-up phase.

The construction of the facility “has been completed within the expected budget,” it said.
The project is a 50-50 joint venture between CNOOC and Shell.
After startup, the complex will manufacture 2.3 million tonnes of petrochemicals products to be supplied to markets in Guangdong Province and Southeast Coastal China.
Shell said the Daya Bay project is fundamental to its objective “to grow a significant presence in China, where demand for plastics and packaging is expected to make up 30 per cent of world consumption by 2010”.