News Post
ExxonMobil Invests in Huizhou Petrochemical Complex
ExxonMobil announced on November 8 that it had indeed made a final investment decision on its multi-billion dollar petrochemical complex now under construction in China’s Dayawan Petrochemical Industrial Park in Huizhou’s Guangdong Province. No specific cost figure was attached at this time.
The construction of this project will include a 1.6 million tons per year flexible feed steam cracker, three polyethylene lines, and two polypropylene lines for the growing demand in China for performance polymers. This project was initially announced in late 2017 with some early construction taking place last April, with an anticipated startup date set for 2023.
ExxonMobil owns 100% of the project, which will manufacture polymers for a variety of uses in the Chinese domestic market such as packaging, automotive uses, and hygiene products.
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