Page 63 - Plastics News September 2018

BUSINESS NEWS

ExxonMobil to invest in Petrcochem park in china

xxonMobil has signed a cooperation framework initiative. These investments would enable the company
Eagreement with the Guangdong Provincial People’s to meet increasing demand in Asia and other growing
Government to advance discussions concerning the markets.
proposed construction of a chemical complex in the
Huizhou Dayawan Petrochemical Industrial Park. The MRPL bags “Fieldcomm Group
new facility would help meet expected demand growth 2018 Plant of the Year”
for chemical products in China.The multibillion-dollar

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award presented annually to an end user company for
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in real-time application for improved process
operation, reducing cost, increasing availability
of Plant and asset productivity by application of
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decision, would include a 1.2 million-tons-per-year Communication technologies. President & CEO of the
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polyethylene lines and two differentiated performance
polypropylene lines. ExxonMobil’s decision to proceed with
the project will be based on a number of factors, including
receipt of permits and project competitiveness. Startup
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Provincial Government demonstrates ExxonMobil’s interest
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said John Verity, president of the ExxonMobil Chemical
Company. The new complex would rely on advanced
proprietary technologies in direct crude steam cracking Fieldcomm group Mr. Ted Masters presented this award
and performance polymers manufacturing. It would to MRPL at Automation Expo-2018 held at Mumbai.
support progress toward China’s national petrochemical
On behalf of MRPL and his team Shri. B. Sudarshan,
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GLYHUVLÀHG IHHGVWRFN VRXUFHV UHEDODQFLQJ IXHOV YHUVXV prestigious award. Speaking on this occasion Shri.
chemicals and advancing new competitive technology. The B. Sudarshan expressed his immense pleasure for
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support in progressing the Huizhou LNG receiving terminal, companies to receive this award. He also thanked
in which ExxonMobil intends to participate, including MRPL Management for the encouragement and support
supply of LNG.The company is also evaluating other for adoption of latest technology and complimented
chemicals manufacturing projects in Asia to help meet his team members for their remarkable efforts in
expected demand growth in the region. ExxonMobil implementation and effective utilisation of this digital
expects to grow chemicals manufacturing capacity in
technology. Sri Suryanarayana (Ch. Manger – Projects)
$VLD 3DFLÀF DQG 1RUWK $PHULFD E\ DERXW SHUFHQW 7KDW was present while receiving the award. Mr. Allen John
growth will be achieved in part by adding 13 new facilities,
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States that are part of the company’s Growing the Gulf

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