ExxonMobil has signed a cooperation framework agreement with the Guangdong Provincial People's Government to evaluate the construction of a chemical complex in China.
The proposed complex in the Huizhou Dayawan Petrochemical Industrial Park would help meet expected demand growth for chemical products in China.
The multibillion-dollar project, which is subject to a final investment decision, would include a 1.2 million-tonnes-per-year ethylene flexible feed steam cracker, two performance polyethylene lines and two differentiated performance polypropylene lines.
The new complex would support progress toward China's national petrochemical development priorities. 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.
Startup is planned for 2023.
ExxonMobil is also evaluating other chemicals manufacturing projects in Asia to help meet expected demand growth in the region. The company expects to grow chemicals manufacturing capacity in the Asia Pacific and North America by 40%, which will be achieved in part by adding 13 new facilities.