EXXONMOBIL
Final investment approved for Chinese complex / 1.6m t/y cracker to feed 3 PE, 2 PP lines / USD 15 bn to cut company emissions
 Construction on the facility is already underway (Photo: Panthermedia/Wellphoto) |
US petrochemical and energy giant ExxonMobil (Irving, Texas; www.exxonmobil.com) said it is going forward with a “multi-billion dollar” chemical complex to produce performance polymers at China’s Dayawan Petrochemical Industrial Park in Huizhou, Guangdong Province. The company first announced plans to build the facilities in 2018 (see Plasteurope.com of 13.09.2018).
The company said it has made the final investment decision on the project, and construction is underway on the greenfield complex, which is to feature a steam cracker with nameplate capacity of 1.6m t/y, three performance polyethylene lines and two differentiated performance polypropylene lines.
The company did not reply to Plasteurope.com questions on expected resin production capacity, the size of the investment, and the completion date for the facility. When the energy giant announced the project three years ago, start-up was planned for 2023.
In a statement, the company said the complex will produce performance polymers used in the packaging, automotive, and agricultural sectors, and in consumer products for hygiene and personal care. It added that the site will feature “industry-leading” technologies to improve energy efficiency.
Karen McKee, president of ExxonMobil Chemical, said: “Demand for performance polymers will continue to increase in China, and we’re well positioned to meet the needs of that growing market.”
The company said it is “prioritising near-term capital investments on advantaged assets with the highest potential value and ability to generate attractive shareholder returns. These include chemicals projects to grow high-value performance products by 60% by 2027.”
Besides the chemical complex in China, ExxonMobil named its US joint venture with Sabic’s in San Patricio County, Texas, Gulf Coast Growth Ventures, is in the process of starting up (see Plasteurope.com of 19.06.2019).
The company said it has made the final investment decision on the project, and construction is underway on the greenfield complex, which is to feature a steam cracker with nameplate capacity of 1.6m t/y, three performance polyethylene lines and two differentiated performance polypropylene lines.
The company did not reply to Plasteurope.com questions on expected resin production capacity, the size of the investment, and the completion date for the facility. When the energy giant announced the project three years ago, start-up was planned for 2023.
In a statement, the company said the complex will produce performance polymers used in the packaging, automotive, and agricultural sectors, and in consumer products for hygiene and personal care. It added that the site will feature “industry-leading” technologies to improve energy efficiency.
Karen McKee, president of ExxonMobil Chemical, said: “Demand for performance polymers will continue to increase in China, and we’re well positioned to meet the needs of that growing market.”
The company said it is “prioritising near-term capital investments on advantaged assets with the highest potential value and ability to generate attractive shareholder returns. These include chemicals projects to grow high-value performance products by 60% by 2027.”
Besides the chemical complex in China, ExxonMobil named its US joint venture with Sabic’s in San Patricio County, Texas, Gulf Coast Growth Ventures, is in the process of starting up (see Plasteurope.com of 19.06.2019).
More money for emission reduction
Additionally, ExxonMobil said that over the next six years, it plans to invest more than USD 15 bn (EUR 13 bn) on lower greenhouse gas emission initiatives, noting that the increase in spending will accelerate efforts to reduce greenhouse gas emissions from its facilities.
“We are on track to meet our 2025 emission-intensity reduction goals by the end of this year – four years earlier than anticipated,” the company said.
“We are on track to meet our 2025 emission-intensity reduction goals by the end of this year – four years earlier than anticipated,” the company said.
11.11.2021 Plasteurope.com [248977-0]
Published on 11.11.2021
German version of this article...