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On November 8, ExxonMobil announced that it had made a final investment decision to fully advance the multi-billion-dollar chemical complex project located in the Daya Bay Petrochemical Industrial Zone in Huizhou, Guangdong. ExxonMobil said that the chemical complex will produce high-performance polymers for use in packaging, automotive industries, agriculture, as well as in consumer goods for hygiene and personal care. As part of ExxonMobil’s ongoing commitment to advancing climate solutions, industry-leading technologies will be employed to improve energy efficiency. “China’s demand for high-performance polymers will continue to grow, and we are ready to help meet the needs of this expanding global market,” said Karen McKee, Vice President Global and President of ExxonMobil’s Chemicals Company. “We are committed to establishing a competitive growth platform in Daya Bay.” ” It is reported that once the project goes into full operation, it will create approximately 700 full-time direct jobs and 4,000 indirect job opportunities ； The peak period of construction will create over 20,000 job opportunities. Currently, the construction work for the project is in progress, including a flexible feed steam cracking complex, three high-performance polyethylene production lines, and two differentiated polypropylene production lines. The rated ethylene production capacity of the steam cracking unit is 1.6 million tons per year. Records show that in September 2018, ExxonMobil and Guangdong Province **signed a strategic cooperation framework agreement for a chemical integration project. In April 2020, the ExxonMobil Huizhou project commenced construction in the Daya Bay Petrochemical Zone in Huizhou, Guangdong. ExxonMobil recently stated that the company prioritizes investing its capital in high-quality assets – those with high potential value and attractive returns for shareholders – including chemical projects that could see a 60% growth in high-value, high-performance products by 2027. In addition to this chemical complex project in China, the joint venture between ExxonMobil and SABIC located in San Patricio County, Texas (Gulf Coast Growth Ventures) is already in the process of getting ready for operation.