April 22, 2020 / 10:19 AM / 4 months ago

Exxon Mobil starts building $10 billion China petrochemical complex: Xinhua

FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes

SINGAPORE (Reuters) - Exxon Mobil Corp (XOM.N) kicked off construction on Wednesday of its $10 billion petrochemical complex in south Chinese city Huizhou, state news agency Xinhua reported.

The complex, which consists of a 1.6 million tonnes per year ethylene facility, is one of the few mega petrochemical projects in China wholly owned by a foreign investor.

Reporting by Chen Aizhu, editing by Louise Heavens

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