CNOOC (CEO) and Shell Petrochemicals Company Limited, a joint venture between Shell Nanhai B.V. (SHEL) and CNOOC Petrochemicals Investment Ltd, has taken a final investment decision to expand its petrochemical complex in Daya Bay,

A joint venture of Shell and CNOOC plans to expand its petrochemical facility in south China's Guangdong province in a project targeted for completion in 2028, the company said in a statement on Wednesday.

Shell PLC and CNOOC Petrochemicals announced investment decision for expansion of petrochemical complex in China to cater to growing domestic demand.

SHEL has taken a final investment decision to expand its petrochemical complex in China through CSPC, a Shell-CNOOC joint venture.

Shell (NYSE:SHEL) said its joint venture with China's Cnooc (OTCPK:CEOHF) has taken a final investment decision to expand its petrochemical facility in south China's Guangdong province, targeting completion by 2028.