Metso Automation will supply all rotary control valves for the new Chinese petrochemicals complex, to be built by the joint venture China-Shell-Petrochemical Complex (CSPC), which was established between Shell Nanhai BV and China National Offshore Oil Corporation Petrochemicals Investment Ltd. The value of the order will be approximately EUR 10 million, and the deliveries will take place in 2003–2005. Metso will supply approximately 3500 to 4000 control valves and digital Foundation Fieldbus positioners for the CSPC project. The total value of the CSPC project is USD 4.3 billion, which makes it one of the biggest hydrocarbon industry projects. The construction work is expected to start in early 2003 in Guangdong Provice in Southern China. The plant is scheduled for start-up in late 2005. Once completed, the joint venture company will produce about 2.3 million tonnes of petrochemical products annually, primarily supplying customers in Guangdong and other high consumption areas of China’s coastal economic zones.
