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[ Star Enterprise of Chemical Machinery Equipment Network ] Irvine, Texas — Exxon Mobil announced today that the company has made the final investment decision to fully advance the multi-billion-dollar chemical complex project located in the Daya Bay Petrochemical Industrial Zone in Huizhou, Guangdong
.
The facility will help meet the growing demand for high-performance chemical products in the Chinese market
.
Chemical machinery and equipment network star enterprise chemical machinery and equipment.
The facility will help meet the growing demand for high-performance chemical products in the Chinese market
.
The chemical complex will produce high-performance polymers for packaging, automotive, agricultural, and sanitary and personal care consumer products
.
As part of ExxonMobil's continued investment in climate solutions, the production site will use industry-leading technologies to improve energy efficiency
.
.
As part of ExxonMobil's continued investment in climate solutions, the production site will use industry-leading technologies to improve energy efficiency
.
“China’s demand for high-performance polymers will continue to grow, and we are ready to help meet the needs of this growing global market,” said Karen Mo, Vice President of ExxonMobil and President of Chemicals.
McKee) said, “We are committed to building a competitive growth platform in Daya Bay, so we are full of expectations for the advancement of this exciting project
.
”
McKee) said, “We are committed to building a competitive growth platform in Daya Bay, so we are full of expectations for the advancement of this exciting project
.
”
The project is in line with the development direction of China's national petrochemical industry, including self-sufficiency, reducing import dependence, diversified raw material sources, and more competitive technology upgrades
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After the formal operation, the project will create approximately 700 full-time direct jobs and 4,000 indirect job opportunities; during the peak period of construction, more than 20,000 job opportunities will be created
.
.
After the formal operation, the project will create approximately 700 full-time direct jobs and 4,000 indirect job opportunities; during the peak period of construction, more than 20,000 job opportunities will be created
.
The construction of this greenfield project is in progress, including a flexible feed steam cracking unit, three high-performance polyethylene production lines and two differentiated polypropylene production lines
.
The rated ethylene capacity of the steam cracker is 1.
6 million tons per year
.
.
The rated ethylene capacity of the steam cracker is 1.
6 million tons per year
.
ExxonMobil prioritizes recent capital investment in superior assets, that is, assets with the highest potential value and attractive shareholder returns, including chemical projects with high-value and high-performance products that can grow by 60% by 2027
.
In addition to this chemical complex project in China, a joint venture (Gulf Coast Growth Ventures) between ExxonMobil and SABIC in San Patricio County, Texas is in preparation for production
.
.
In addition to this chemical complex project in China, a joint venture (Gulf Coast Growth Ventures) between ExxonMobil and SABIC in San Patricio County, Texas is in preparation for production
.
Exxon Mobil has been operating in China for more than a century
.
The company's current business in China includes downstream, chemical and liquefied natural gas
.
ExxonMobil is committed to becoming a good corporate citizen where its business operations are located and actively supporting community charity
.
.
The company's current business in China includes downstream, chemical and liquefied natural gas
.
ExxonMobil is committed to becoming a good corporate citizen where its business operations are located and actively supporting community charity
.
Original title: ExxonMobil invests in China's petrochemical complex project
