The Exxon Mobil Ethylene Project Officially Started Construction in Huizhou, China On November 16th

Construction of the Exxon Mobil Huizhou Ethylene Project with a total investment of approximately US$10 billion was officially launched on November 16.

It is reported that the project will be constructed in two phases, the first phase of the project investment is about 45 billion yuan, plans to build 1.6 million tons / year ethylene cracking unit, the main products include: 1.2 million tons / year metallocene polyethylene, 500,000 tons / year high pressure Polyethylene, 475,000 tons/year impact polypropylene, 480,000 tons/year homopolypropylene.

When the first phase of the project is completed and put into production, the construction of the second phase of the project will be started. After the first phase of the project is put into production, it is expected to realize operating income of 39 billion yuan per year and tax payment of 4 billion yuan per year.