[2025 Chemical Industry News] Exxon Mobil’s cycloolefin resin project launched in Zhuhai

The first flagship project of this partnership is the 100,000-ton/year cycloolefin resin plant, built with investment from Jinrui Resins (Zhuhai) Co., Ltd., and is located in the Zhuhai Economic Development Zone. Once completed, the project will primarily produce high-performance thermosetting resins. By utilizing world-first technology and achieving large-scale production, it aims to capture a share in the global premium resin market, thereby contributing to regional economic development and job creation.

This cooperation project also aligns with the key areas of support for high-performance polymer materials outlined in the 14th Five-Year Plan, and it represents an important effort by ExxonMobil to assist China in achieving its carbon neutrality goals. It is expected that the project will reduce carbon dioxide emissions by 100,000 tons per year, while creating more than 500 jobs, thereby contributing to the green and low-carbon development of the Zhuhai Economic and Technological Development Zone.

As a leading global enterprise in the energy and chemicals sector, ExxonMobil possesses a technology framework that covers the entire industrial chain; its metallocene catalyst technology holds a competitive advantage in the synthesis of polymer materials； Guangdong Dongjie New Materials is a technological leader in the field of cycloolefin resins in China, with extensive expertise in the synthesis processes of specialty resins. Based on their shared understanding of the development trends in the new materials industry, both parties decided to work together to develop automotive components manufactured using cycloolefin resins and composite materials.

In recent years, despite the many uncertainties facing the global economy, the multinational chemical giant ExxonMobil has been very active in the Chinese market, continuously increasing its investments there. Particular attention is paid to the development of the Greater Bay Area: On September 5, 2018, ExxonMobil signed a strategic cooperation framework agreement with Guangdong Province ； In November 2021, the ExxonMobil Huizhou ethylene project commenced its full-scale construction, and it was delivered on April 16, 2025.

In the field of new materials today, there is a growing demand for high-performance materials, especially in industries such as aerospace and automotive manufacturing, where extremely high requirements are placed on material strength, weight, and corrosion resistance. Thermosetting resin prepreg materials, as composite materials that combine excellent properties such as high strength, light weight, heat resistance, and corrosion resistance, have become essential materials in these two fields. With the advancement of technology and the expansion of the market, the application areas for high-performance thermosetting resin prepreg materials will continue to expand. In the future, this material will focus more on sustainable development, energy efficiency, and intelligence. For example, by developing environmentally friendly resins and reinforcing materials, energy consumption and emissions during the production process can be reduced ； Intelligent processing and monitoring of materials are achieved by introducing smart sensors and control systems. These innovations will drive the application and development of high-performance thermosetting resin prepreg materials in more fields.

High-performance thermosetting resin prepreg materials, as high-quality and efficient composite materials, play an important role in the aerospace and automotive manufacturing industries. In the future, as technology continues to advance and markets continue to expand, this material will exhibit even broader application prospects and development potential.

ExxonMobil is one of the largest publicly traded oil and gas companies in the world, with its headquarters located in Irving, Texas, United States. Its business covers upstream exploration and production, as well as downstream refining and chemicals; it holds a leading position in the world, consistently ranking within the top 10 of Fortune’s Global 500 list, and has committed to achieving net-zero greenhouse gas emissions by 2050.

Business scope: ● Upstream operations: Oil and gas exploration and production in 30 locations, with a daily crude oil output of approximately 3.8 million oil equivalents (2023). ● Downstream business: In 25 countries, it operates 45 refineries with a daily refining capacity of 6.4 million barrels, and it has over 37,000 gas stations worldwide. ● Chemical industry business: Over 100** locations sell more than 17 million tons of petrochemical products.

Market position: ● ExxonMobil is one of the world’s largest non-governmental oil and gas producers and natural gas sellers. ● It is one of the largest oil refiners in the world. ● Its chemical company is the third-largest petrochemical company in the world. ● It is listed on the New York Stock Exchange (symbol: XOM) and is a component of the Dow Jones Industrial Average.