
By Bloomberg News: December 15, 2015
Royal Dutch Shell Plc. is expanding its petrochemical venture in southern China with China National Offshore Oil Corp.
The two companies signed an agreement Tuesday to double the capacity of their equally held ethylene-cracking facility in Guangdong province to 2 million metric tons a year and add other chemicals units, Shell said in an e-mailed statement. The new facilities are expected to start operation in two years, it said, without providing a figure on the cost of the expansion.
The joint venture in Huizhou City was established in 2000 with investment of $4.1 billion and began operating in 2006, according to the statement. The area is also home to a CNOOC refinery — where capacity will be expanded to 22 million tons a year in 2017 from 10 million tons — that supplies the chemical venture with naphtha as a feedstock.
“The joint venture chemical plant can get feedstock supplies from CNOOC’s refinery nearby, so its profit margin will remain decent,” Jean Zou, analyst with ICIS China, said by phone from Guangzhou. “This expansion by Shell and CNOOC has been planned for some years.”
The renewed commitment to the Huizhou venture comes after Shell said Monday it would cut about 2,800 jobs to meet a pledge of reducing operating costs by $3.5 billion following its takeover of BG Group Plc. It has also halted projects in Canada and the Arctic, and is reviewing its investments in New Zealand. The company reported its biggest net loss in more than a decade in October amid a plunge in oil prices.
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.














IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS:


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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.

























































