Published on November 3, 2017
ExxonMobil, the world’s largest oil company will build a petrochemical complex in the southern Chinese city of Huizhou.
As per news, the oil major had signed a partnership agreement aimed at creating a “world-class petrochemical industry base” in the Daya Bay area on China’s south coast.
The complex, which will adopt advanced industry and environmental protection technologies, meets the needs of Guangdong to further open up and upgrade the industry structure,” said Ma Xingrui, governor of Guangdong province.
We will enhance policy support for foreign investors and offer key support to build a world-class petrochemical industry base in the Daya Bay area,” said Xingrui.
Huizhou is located in the southeast of Guangdong province, part of the industrial Pearl River Delta region. The city’s Daya Bay economic and technological development zone currently houses several refineries and petrochemical production facilities for Cnooc, China’s largest offshore oil producer, and Cnooc and Shell Petrochemicals Company, a joint venture between the industry majors.
