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Exxon Mobil starts building $10 billion China petrochemical complex: Xinhua – Metro US

Exxon Mobil starts building $10 billion China petrochemical complex: Xinhua

Logo of the Exxon Mobil Corp is seen at the
Logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro

SINGAPORE (Reuters) – Exxon Mobil Corp <XOM.N> kicked off construction on Wednesday of its $10 billion petrochemical complex in south Chinese city Huizhou, state news agency Xinhua reported.

The complex, which consists of a 1.6 million tonnes per year ethylene facility, is one of the few mega petrochemical projects in China wholly owned by a foreign investor.

(Reporting by Chen Aizhu, editing by Louise Heavens)

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