Huizhou signs a strategic cooperation framework agreement with ExxonMobil

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Huizhou signs a strategic cooperation framework agreement with ExxonMobil; Ma Xingrui meets with ExxonMobil’s officials. Reduce font size / Increase font size. According to the Southern Daily (Reporter/Wu Zhe, Correspondent/Fu Xin), on the afternoon of November 1st, the authorities of Huizhou City and the Huizhou Daya Bay Development Zone Management Committee, along with ExxonMobil Chemical Investment Company, signed a strategic cooperation framework agreement and a memorandum of understanding for the Huizhou petrochemical complex project in Guangzhou. Governor Ma Xingrui met with Pei Enbo, President of ExxonMobil Chemical Investment Company, and Dai Botao, Vice President of the same company. Ma Xingrui, on behalf of the province, congratulated both sides on signing the cooperation agreement. Ma Xingrui pointed out that at present, Guangdong Province is thoroughly studying, publicizing, and implementing the Party’s guiding principles as well as the important requirements put forward by **** for Guangdong, namely \"four adherences, three supports, and two leads.\" It is committed to fully applying the new development concept in order to achieve development that is of higher quality, more efficient, fairer, and more sustainable. The Huizhou Petrochemical Complex project utilizes world-leading technologies and environmental protection measures, which not only align with the important principles put forward by the Party regarding the development of a modern economic system and the promotion of green development, but also meet Guangdong’s needs to expand its openness to the outside world and foster industrial transformation and upgrading. Ma Xingrui said that Guangdong has advantages in developing the petrochemical industry, such as strong market demand, a high degree of marketization, and favorable geographical location. Guangdong Province **will further strengthen the policy measures aimed at encouraging foreign investment, giving priority support to the development of Daya Bay into a world-class petrochemical hub, with the goal of enabling it to generate economic and social benefits as soon as possible and achieve sustainable development. Pei Enbo thanked the provincial and municipal authorities for their efforts in facilitating this cooperation. He said the company plans to invest billions of dollars in building a chemical complex in Huizhou that will feature cutting-edge technology, the highest safety standards, and excellent operational practices. They hope that, with strong support at all levels, it can be developed into a project that meets China’s environmental standards and brings positive benefits to the economic development of Guangdong and Huizhou. ExxonMobil is a globally renowned petrochemical company and the world’s largest producer other than oil and gas. The Huizhou Daya Bay Petrochemical Zone is one of the seven key petrochemical industrial bases under development in Guangdong Province, as well as one of the first green parks to serve as models for the establishment of green manufacturing systems. The Huizhou Petrochemical Complex project will include a world-class steam cracking unit along with associated olefin derivative facilities, utilizing ExxonMobil’s industry-leading proprietary technologies. This signing marks a crucial step forward for both parties in their joint effort to develop a world-class petrochemical complex and build a world-class petrochemical industry hub in Huizhou Daya Bay. Lin Shaochun, member of the Provincial Party Committee and executive vice governor, witnessed the signing by both sides and attended the meeting.