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IHS Markit Chemical Week's latest coverage of ExxonMobil unveils
their latest competitive strategies. Get the clearest possible view
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Performance.
ExxonMobil's proposed complex in Guangdong Province, China,
based on a 1.2-million metric tons/year (MMt/y) ethylene flexible
feed steam cracker, will include more than 2 million metric tons
(MMt) of polyolefins, according to company officials. The complex
would produce 1.2 MMt/y of polyethylene (PE) and 860,000 metric
tons/year of polypropylene (PP), Jennifer Chan, vice
president/major growth ventures at ExxonMobil Chemical Company,
told attendees at the China Forum on the final day of the 2019 IHS
Markit World Petrochemical Conference (WPC), held last week in San
Antonio, Texas. The plant will use ExxonMobil's direct crude steam
cracking technology and generate around $4.4 billion in sales
annually. The project will generate annual earnings of $700
million/year based on 2017 feedstock and margin economics,
according to a recent investor presentation. "The facility would
support China's national petrochemical development priorities and
closely aligns with the development plans from the Guangdong area,"
Chan says. ExxonMobil wants to build the world-scale petrochemical
complex in the Huizhou Dayawan Petrochemical Industrial Park at
Huizhou in Guangdong Province. Start-up is currently planned for
2023, subject to approvals.
