
GUANGZHOU, (Xinhua) -- Energy giant ExxonMobil on Tuesday began operation of its landmark chemical complex in southern China, the country's first major petrochemical project wholly owned by a U.S. company.
The move highlights ExxonMobil's confidence in the world's second-largest economy and comes amid China's ongoing efforts to promote high-standard opening up and attract foreign investment.
Located in the Daya Bay Petrochemical Industrial Park in Huizhou, Guangdong Province, the first phase of the project consists of a flexible feedstock steam cracker with an annual capacity of 1.6 million tonnes of ethylene, a key building block for plastics and fibers used in a wide range of products like packaging.
The site also houses production units for high-performance polyethylene and polypropylene.