ExxonMobil's final investment (in the Greater Bay Area) decision represents an important step in advancing the Huizhou chemical project and signifies the strategic importance of China to ExxonMobil as a long-term strategic growth platform.

Fernando Vallina, chairman of ExxonMobil (China) Investment Co Ltd [Photo provided to chinadaily.com.cn]

ExxonMobil's development goals fit with China's overall development plan, and we are willing to use world-class technology to participate in China's manufacturing sector making sustainable high-performance products to help meet the increasing demands of our customers here in China.

China represents a significant market opportunity with 50 percent of global polyolefin growth in the next decade. We look forward to progressing in this exciting project as we work to build a competitive growth platform in Dayawan.

We believe the project will contribute to Dayawan's efforts in building a world-class petrochemical industrial base in support of a world-class cluster for the advanced manufacturing industry in the Guangdong-Hong Kong-Macao Greater Bay Area.

Article Source: Chinadaily