Valve value
Valve value
Metso Automation (Finland) will supply all rotary control valves for the new Chinese petrochemicals complex, to be built by the joint venture CSPC(China-Shell-Petrochemical Complex), which was established between Shell Nanhai BV and China National Offshore Oil Corporation Petrochemicals Investment Limited. The value of the order will be approximately e10 million, and the deliveries will take place between 2003 and 2005. Metso will supply approximately in total 3,500 to 4,000 control valves as well as digital Foundation Fieldbus positioners for the CSPC project. The order is one of Metso Automation's most extensive deliveries ever for the hydrocarbon industry. Shell's customer relationship to Metso dates back to the late seventies. The total value of the CSPC project is US$4.3 billion, which makes it one of the biggest hydrocarbon industry projects. The construction work started in early 2003 in Guangdong Province in southern China. The plant is scheduled for start-up in late 2005. Once completed, the joint venture company will annually produce about 2.3 million tonnes of petrochemical products, primarily supplying customers in Guangdong and other high consumption areas of China's coastal economic zones. The entire complex has been designed to international environmental standards and efficient use of energy and materials.
