ExxonMobil Chemical has broken ground on a new technology center at the Shanghai Zizhu Science-based Industrial Park, planning to spend $70 million on equipment and a 27,000m2 building. The center is expected to begin operations in 2010 and provide application support to the region with laboratories and product-demonstration facilities for ExxonMobil’s polymer products and plasticizers. Initial employment will be approximately 200 people.
 ExxonMobil's new center in Shanghai is expected to begin operations in 2010. |
On the production side, ExxonMobil has already partnered with Saudi Aramco, Sinopec, and the Fujian provincial government to create the first wholly integrated Sino-foreign refining and petrochemical operation with 1.2 million tons/year polyolefin capacity. ExxonMobil has stated that petrochemicals are growing 30%/year in China, forecasting that 50% of global petrochemical sales and consumption will be in Asia by 2015. —[email protected]
