Exxon Mobil Makes FID for Mega China Petrochemical Project

Separately, Exxon Mobil told Reuters in July that the firm was advancing project discussions with potential partners for an import terminal for LNG also in China’s Huizhou province.

Reuters

U.S. oil and gas major Exxon Mobil Corp. announced it had made a final investment decision to build a multibillion-dollar petrochemical complex in south China’s Guangdong province.

The firm did not specify a value for this investment.

The decision, announced late on Nov. 8, came nearly 18 months after China’s state news agency Xinhua reported in April last year that the U.S. firm kicked off construction of the $10 billion venture in Dayawan in Huizhou city.

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