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ExxonMobil signs pact on planned chemical complex in China

10
Sep '18
Courtesy: ExxonMobil
Courtesy: ExxonMobil
ExxonMobil has signed an agreement with China’s Guangdong province for talks on a proposed chemical complex in the Huizhou Dayawan Petrochemical Industrial Park. The facility would help meet expected demand growth for chemical products in China. The decision to proceed will be based on a number of factors, including permits and project competitiveness.

The multibillion-dollar project, which remains subject to a final investment decision, would include a 1.2 million-tons-per-year ethylene flexible feed steam cracker, two performance polyethylene lines and two differentiated performance polypropylene lines, according to a press release from the company.

The new complex would rely on advanced proprietary technologies in direct crude steam cracking and performance polymers manufacturing.

The framework agreement also confirms Guangdong province’s support in progressing the Huizhou LNG receiving terminal, in which ExxonMobil intends to participate, including supply of LNG.

The company is also evaluating other chemicals manufacturing projects in Asia to help meet expected demand growth in the region.
ExxonMobil expects to grow chemicals manufacturing capacity in Asia Pacific and North America by about 40 per cent. That growth will be achieved in part by adding 13 new facilities, including two world-class steam crackers in the United States that are part of the company’s Growing the Gulf initiative.

The company recently commenced operations at its new 1.5 million ton-per-year ethane cracker at the company’s integrated Baytown chemical and refining complex in Texas. ExxonMobil and SABIC have also created a new joint venture to advance development of the Gulf Coast Growth Ventures project, a 1.8 million tonne ethane cracker currently planned for construction in San Patricio County, Texas. The facility will also include a monoethylene glycol unit and two polyethylene units.

ExxonMobil’s downstream and chemical businesses both have a presence in China, and the company operates primarily through its Shanghai-based ExxonMobil (China) Investment Co. Ltd. affiliate.

The company is also a joint venture partner with Sinopec, Fujian Province and Saudi Aramco in China’s first integrated refining and petrochemical facility to include international participation. (DS)

Fibre2Fashion News Desk – India


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