Shell-CNOOC joint venture to expand south China petrochemical complex
1. Shell and CNOOC are expanding a petrochemical facility in Guangdong. 2. Completion is targeted for 2028, potentially boosting SHEL's future revenues.
FAQ
Why Bullish?
The expansion indicates growth and investment, which could enhance SHEL's profitability, similar to prior successful projects increasing revenue streams.
How important is it?
The expansion is a significant commitment for SHEL, showing future growth potential which is critical in the competitive petrochemical sector.
Why Long Term?
The project's 2028 completion date suggests gradual impact on SHEL's revenue over several years, akin to other long-term investments in infrastructure.