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ExxonMobil Moving Ahead on Multi-Billion Dollar Petrochemical Complex in China
November 09, 2021

To help meet future demand growth, ExxonMobil is moving ahead on a final investment decision to build a multi-billion dollar petrochemical complex in the Dayawan Petrochemical Industrial Park in Huizhou, Guangdong Province in China.

ExxonMobil said construction is already underway on the greenfield project. China's state news agency Xinhua reported back in April 2021 that construction began on the venture, said to be worth $10 billion

The facility will produce performance polymers used in packaging, automotive, agricultural, and consumer products for hygiene and personal care. It includes a 1.6 million mt/yr flexible feed steam cracker, three performance Polyethylene lines, and two differentiated performance Polypropylene lines. As part of the company's ongoing commitment to advancing climate solutions, the site will also feature industry technologies to improve energy efficiency.

ExxonMobil also said the facility supports progress toward China's national petrochemical development priorities, which include self-sufficiency, diversified feedstock sources and advancing new competitive technology.

The company added that the investment is also part of its plans to increase global manufacturing capacity, as it is prioritizing near-term capital investments on advantaged assets with the highest potential value and ability to generate attractive shareholder returns. These include chemicals projects to grow high-value performance products by 60% by 2027.

By Brian Balboa for The Plastics Exchange.


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