Photo taken on April 22, 2020 shows vehicles and excavators at the construction site of ExxonMobil's chemical complex at the Huizhou Dayawan Petrochemical Industrial Park in south China's Guangdong Province. (Xinhua/Zhou Ziyang)
GUANGZHOU, Nov. 17 (Xinhua) -- International energy company ExxonMobil Tuesday started a project in Huizhou City, south China's Guangdong Province, to produce performance polymers used in packaging, automotive and agricultural products.
The launching ceremony was held simultaneously in the city, Beijing and Houston.
With a total investment of about 10 billion U.S. dollars, the project will be constructed in two phases. The annual revenue is expected to reach 39 billion yuan (about 6.1 billion U.S. dollars) after the first phase is completed and put into production.
"Demand for performance polymers will continue to increase in China, and we are in a good position to meet the needs of that growing market," said Karen McKee, president of ExxonMobil Chemical Company. ■
