The construction of the complex, of which the energy giant invested about US$ 10 billion, will be carried out in two phases.
A chemical complex sorely owned by oil and gas corporation ExxonMobil broke ground on Wednesday in Huizhou of China's southeast Guangdong Province, according to Xinhua News Agency.
The construction of the complex, which the energy giant invested about US$ 10 billion, will be carried out in two phases.
With the first phase which is scheduled to be completed in 2023, ExxonMobil planned to build a 1.6 million ton-per-year ethylene cracker as well as down-stream production equipment. The ethylene productivity of Huizhou now is 2.2 million tons per year.
The second phase will start when the second phase goes into operation.
It took the local government and ExxonMobil only 16 month from negotiating the terms for the complex to breaking ground.
ExxonMobil expected to see a total revenue of 39 billion yuan (US$ 5.51 billion) annually.
