China – ExxonMobil has made a final investment decision to proceed with a multibillion-dollar chemical complex in Huizhou, Guangdong Province, China’s Dayawan Petrochemical Industrial Park.
The chemical complex will generate performance polymers that will be used in packaging, automotive, agricultural, and consumer products for hygiene and personal care. The site will feature industry-leading technologies to improve energy efficiency as part of ExxonMobil’s ongoing commitment to advancing climate solutions.
The facility contributes to China’s national petrochemical development priorities, which include self-sufficiency, diverse feedstock sources, and the advancement of new competitive technology.
The greenfield project, which includes a flexible feed steam cracker, three performance polyethylene lines, and two differentiated performance polypropylene lines, is currently under construction. The nameplate capacity of the steam cracker will be around 1.6 million metric tons per year.
ExxonMobil prioritizes near-term capital investments in assets with the highest potential value and ability to generate attractive shareholder returns. These include chemical projects that aim to increase high-value performance products by 60% by 2027. Aside from the chemical complex in China, ExxonMobil and SABIC’s joint venture in San Patricio County, TX, Gulf Coast Growth Ventures, is getting underway.