Because of the impact of the epidemic, the shortage of medical supplies and the dependence of the manufacturing industry chain on China's supply have become prominent, making Western countries represented by the United States and Japan the first to make a "de-Chinese" decision.
However, increasing investment and monopolizing the market have also become the development strategies of many chemical giants under this global game. International chemical giants BASF, Dow, ExxonMobil, LANXESS and others have invested in China to build factories. It can be seen that the vast majority of foreign-funded enterprises are still optimistic about China's investment environment and market potential, and investment confidence continues to increase. Enterprises make different choices based on the performance of their various businesses in the Chinese market.
$ 10 billion ExxonMobil Huizhou Ethylene Project
On April 22, China ’s major foreign investment project, the ExxonMobil Huizhou Ethylene Project with a total investment of 10 billion US dollars, started construction in the Daya Bay Petrochemical Zone in Huizhou, Guangdong. This is another major petrochemical project with a wholly foreign-owned foreign investment of 10 billion US dollars in Guangdong following the BASF fine chemical integration project on the East Island of Zhanjiang.
It is the first major petrochemical project solely funded by American companies in China. It mainly builds 1.6 million tons / year of ethylene and other devices.
The ExxonMobil Huizhou Ethylene Project was implemented in two phases, the first phase: construction of crude oil steam cracking, polyethylene, polypropylene and other process equipment and supporting public works. Phase II: 1.2 million tons / year ethylene plant, polyethylene, polypropylene, butyl rubber and other process devices and supporting public engineering devices, storage and transportation packaging devices, auxiliary production facilities and system engineering, etc.
The ExxonMobil Huizhou Ethylene Project with a total investment of US $ 10 billion broke ground and took a crucial step towards the construction of Daya Bay Petrochemical Zone into a world-class green petrochemical industry base.
At present, 90 projects have been settled in Daya Bay Petrochemical District, with a total investment of 215 billion yuan, of which the world's top 500 and industry leading companies accounted for nearly 90% of the investment, attracting more than 20 global investors from the United States, United Kingdom, Netherlands, Switzerland, Germany, Japan Many well-known international chemical companies have settled in several countries and regions, with well-known brands such as CNOOC, Shell, ExxonMobil, Bridgestone, Lejin Chemical and Clariant.
In 2019, Huizhou's petrochemical industry's total output value reached 183.35 billion yuan, accounting for 1.4% of the country's total petrochemical industry output value, and the country's refining and chemical integration scale ranked first in the country. The advanced level of energy consumption of ethylene, polypropylene and polystyrene products ranks first in the world. At present, the petrochemical industry in Huizhou has formed 22 million tons / year of refining oil and 2.2 million tons / year of ethylene.
BP injects $ 25 million to join hands with China Resources
Recently, BP (British Petroleum) and China Resources Chemical Materials Technology Co., Ltd. (hereinafter referred to as "China Resources Chemical Materials") signed a strategic cooperation agreement. At the same time, BP injected 25 million US dollars and became one of the shareholders.
PET is a plastic used for the production of beverages and food packaging, and PTA is its main raw material. China Resources Chemical Materials has the top bottle-grade polyester chip production capacity nationwide and even globally. It is one of the leading PET plastic producers in China. BP's flagship PTA plant in Zhuhai is BP's largest PTA production base in the world. With a total capacity of 2.7 million tons, the project is one of the most efficient PTA plants in the world. It is a long-term fixed and important PTA supplier of China Resources Chemical Materials.
After the capital injection, the two parties will further strengthen cooperation in the procurement of raw materials PTA in PET production, and then promote the deep integration and integration of the upstream and downstream entire industrial chain, and work together to further expand the global market.
