ExxonMobil sets start-up date for Huizhou ethylene plant in China
by ChemOrbis Editorial Team - content@chemorbis.com
U.S. energy company ExxonMobil plans to invest 10 billion yuan (approximately $1.4 billion) in its Huizhou ethylene project in Guangdong Province, China in 2024, media sources reported. The project is known as one of China’s major foreign investment projects.
The project will be completed in two stages, and its initial phase is scheduled to become operational by the end of 2024 following a testing period.
Jean-Marc Taton, chairman of ExxonMobil China, stated that the company has already committed over 30 billion yuan ($4.1 billion) to the first phase of the project.
The first phase includes a steam cracker and facilities for producing high-performance polyethylene and polypropylene.
The project will be completed in two stages, and its initial phase is scheduled to become operational by the end of 2024 following a testing period.
Jean-Marc Taton, chairman of ExxonMobil China, stated that the company has already committed over 30 billion yuan ($4.1 billion) to the first phase of the project.
The first phase includes a steam cracker and facilities for producing high-performance polyethylene and polypropylene.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- March hints at further hikes in European PP, PE markets
- India’s PVC market dips to new lows on Taiwan’s March cuts, players seek signs of bottom
- Q1 turnarounds uplift Mid-East PP, PE markets in February; will it spill over to March?
- SE Asia’s indefinite PE shutdowns: A market in crisis as demand woes threaten survival
- Türkiye’s PPH markets perform better than copolymers in February
- Margin recovery priorities outweigh supply imbalances in European PVC markets
- Asian PVC demand stagnant; recovery hopes shift to end of Q1
- Tough slog in S Korea’s petchem industry spells disappointing 2024 financial results; will government's recent plan help weather the storm?
- China’s PP, PE markets face post-holiday supply surge and tepid demand
- A tug-of-war unfolds in Türkiye as PVC demand struggles against rising costs
