07 May 2009 10:22 [Source: ICIS news]
SHANGHAI (ICIS news)--US major ExxonMobil Chemical is proceeding as planned with its multi-billion dollar petrochemical complexes in Fujian, China and Singapore despite the current adverse economic climate, the company president told ICIS news on Thursday.
“Our large projects are on schedule and we haven’t cancelled or deferred anything. ?xml:namespace>
The company has a major petrochemical project in
It will also have a 300,000 tonne/year specialty elastomers unit, an aromatics extraction unit to produce 340,000 tonnes/year of benzene and an oxo-alcohol expansion of 125,000 tonnes/year.
The Yuan (CNY)35.8bn ($5.2bn) would have an 800,000 tonne/year naphtha cracker, an 800,000 tonne/year polyethylene (PE) unit, a 400,000 tonne/year polypropylene (PP) unit.
The facility would also house an aromatics complex that can produce 700,000 tonne/year of paraxylene (PX).
ExxonMobil has a 25% interest in the
ExxonMobil was also eyeing the
($1 = €0.75 / $1 = CNY6.82)
Bohan Loh and Dolly Wu contributed to this article
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