AlwaysFree: ExxonMobil Makes Final Investment Decision For Petrochemical Project In China

Exxon Mobil Corp on Tuesday announced that it had made a final investment decision for a petrochemical project in Dayawan, Huizhou city, Guangdong, China. The US oil giant, however, did not disclose the value of this investment. Last year, China’s state news agency Xinhua reported that Exxon would construct a $10-billion petrochemical complex in Guangdong. The complex will be one of few petrochemical facilities in China that are fully owned by a foreign company. The Dayawan complex will include a flexible feed steam cracker capable of producing up to 1.6 million tons/year. The cracker will provide feedstock to two polyethylene (PE) lines and three polypropylene (PP) lines, Exxon said, without specifying their capacities.