ExxonMobil announces refinery expansion approval


The Chinese government has approved a proposal to develop a multi-billion dollar refinery expansion and petrochemical complex in Fujian Province, China, said ExxonMobil Corp. officials. The venture will be a partnership between Fujian Petrochemical Co. Ltd. (FPCL) with a 50% interest; ExxonMobil, 25%; and Saudi Aramco, 25%.

The project will involve the construction of a new 600,000 tons/year ethylene steam cracker, a 450,000 tons/year polyethylene unit, and a 300,000 tons-per-year polypropylene unit, together with chemical derivatives manufacturing units and related distribution and marketing facilities. The petrochemical complex will be integrated with the existing FPCL refinery, which will expand its capacity to 240,000 b/d from the existing 80,000 b/d.

This approval, along with an earlier agreement for expansion of the Fujian refinery, permits further development of the overall integrated project, said ExxonMobil.

ExxonMobil is expected to submit the feasibility study of the project to the Chinese government for appraisal later this year.

A petroleum products marketing joint venture will market the products from the expanded refinery project. Partners in the marketing JV will include Sinopec Corp., ExxonMobil, and Saudi Aramco.

The formal approval of the project follows an announcement of the agreement between ExxonMobil and Sinopec to jointly study the development of manufacturing and fuels marketing joint ventures in Guangdong Province (OGJ Online, Sept. 13, 2000).

Related Articles

Watching Government: Change in Saudi Arabia?

06/15/2015 International observers are still considering the extent, if any, of changes since Salman bin Abdulaziz Al Saud became Saudi Arabia's king in Janua...

A hundred-year Hail Mary?

06/15/2015 Comparing it to a can't-look-away train wreck, Reuter's financial columnist James Saft, in a June 2 article, viewed the recent issue of 100-year bo...

ExxonMobil’s Liza-1 well encounters oil offshore Guyana

05/20/2015 Esso Exploration & Production Guyana Ltd., a unit of ExxonMobil Corp., reported an oil discovery on Stabroek block 120 miles offshore Guyana.

Kizomba Satellites Phase 2 off Angola starts oil productionwise advantaged projects to the south.

05/11/2015 Esso Exploration Angola (Block 15) Ltd., a subsidiary of ExxonMobil Corp., has started oil production ahead of schedule at the Kizomba Satellites P...

LNG export limits violate US free trade tradition, ExxonMobil executive says

04/27/2015 The US should remove the national interest demonstration requirement for LNG exports to countries with which it does not have a free-trade agreemen...

LNG export limits violate US free trade tradition, ExxonMobil executive says

04/21/2015 The US should remove the national interest demonstration requirement for LNG exports to countries with which it does not have a free-trade agreemen...

ExxonMobil resumes drilling from Point Thomson near ANWR

03/23/2015 Following years of legal wrangling, ExxonMobil Corp. has resumed drilling in the high-pressure Point Thomson gas-condensate field on Alaska's North...

Chevron, Shell among most active bidders in central gulf sale

03/18/2015 Chevron Corp., ExxonMobil Corp., Royal Dutch Shell PLC, and Statoil ASA mostly led the way as Gulf of Mexico central planning area Lease Sale 235 d...

Tillerson: Sound policies needed to buoy N. American energy revolution

03/13/2015 The US government needs to adjust its energy policies to ensure the country realizes all the benefits of the new era of energy abundance, said Rex ...
White Papers

2015 Global Engineering Information Management Solutions Competitive Strategy Innovation and Leadership Award

The Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global...
Sponsored by

Three Tips to Improve Safety in the Oil Field

Working oil fields will always be tough work with inherent risks. There’s no getting around that. Ther...
Sponsored by

Pipeline Integrity: Best Practices to Prevent, Detect, and Mitigate Commodity Releases

Commodity releases can have catastrophic consequences, so ensuring pipeline integrity is crucial for p...
Sponsored by

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New chall...
Sponsored by

Transforming the Oil and Gas Industry with EPPM

With budgets in the billions, timelines spanning years, and life cycles extending over decades, oil an...
Sponsored by

Asset Decommissioning in Oil & Gas: Transforming Business

Asset intensive organizations like Oil and Gas have their own industry specific challenges when it com...
Sponsored by

Squeezing the Green: How to Cut Petroleum Downstream Costs and Optimize Processing Efficiencies with Enterprise Project Portfolio Management Solutions

As the downstream petroleum industry grapples with change in every sector and at every level, includin...
Sponsored by

7 Steps to Improve Oil & Gas Asset Decommissioning

Global competition and volatile markets are creating a challenging business climate for project based ...
Sponsored by
Available Webcasts

On Demand

OGJ's Midyear Forecast 2015

Fri, Jul 10, 2015

This webcast is to be presented by OGJ Editor Bob Tippee and Senior Economic Editor Conglin Xu.  They will summarize the Midyear Forecast projections in key categories, note important changes from January’s forecasts, and examine reasons for the adjustments.

register:WEBCAST


Predictive Analytics in your digital oilfield - Optimize Production Yield and Reduce Operational Costs

Tue, Jul 7, 2015

Putting predictive analytics to work in your oilfield can help you anticipate failures, plan and schedule work in advance, eliminate emergency work and catastrophic failures, and at the same time you can optimize working capital and improve resource utilization.  When you apply analytic capabilities to critical production assets it is possible to reduce non-productive time and increase your yield.

Learn how IBM's analytics capabilities can be applied to critical production assets with the goal of reducing non-productive time, increasing yield and reducing operations costs.

register:WEBCAST


Cognitive Solutions for Upstream Oil and Gas

Fri, Jun 12, 2015

The oil & gas sector is under pressure on all sides. Reserves are limited and it’s becoming increasingly expensive to find and extract new resources. Margins are already being squeezed in an industry where one wrong decision can cost millions. Analyzing data used in energy exploration can save millions of dollars as we develop ways to predict where and how to extract the world’s massive energy reserves.

This session with IBM Subject Matter Experts will discuss how IBM Cognitive Solutions contribute to the oil and gas industry using predictive analytics and cognitive computing, as well as real time streaming for exploration and drilling.

register:WEBCAST


The Alternative Fuel Movement: Four Need-to-Know Excise Tax Complexities

Thu, Jun 4, 2015

Discussion on how to approach, and ultimately embrace, the alternative fuel market by pulling back the veil on excise tax complexities. Taxes may be an aggravating part of daily operations, but their accuracy is crucial in your path towards business success.

register:WEBCAST


Emerson Micro Motion Videos

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected