Sefko Trafikant + 35 ST September 6, 2018 Exxon Mobil says it signed a preliminary deal to build a multibillion-dollar petrochemical complex and invest in a liquefied natural gas terminal in China, despite trade tensions between the U.S. and China. XOM's agreement with the Guangdong provincial government includes a 1.2M metric tons/year ethylene plant, two polyethylene production lines and two polypropylene lines in the coastal city of Huizhou; the complex, which is expected to start in 2023, remains subject to a final investment decision. Quote Share this post Link to post Share on other sites
Stephen + 67 SM September 6, 2018 Do we know details of the ownership structure of chemical plant and LNG investment Quote Share this post Link to post Share on other sites
JohnAtronis + 78 JA September 6, 2018 Just now, Stephen said: Do we know details of the ownership structure of chemical plant and LNG investment not yet. But Exxon seems to be more aggressive in their project development under the new CEO. Quote Share this post Link to post Share on other sites
Joanna + 68 JT September 6, 2018 4 minutes ago, Sefko Trafikant said: Exxon Mobil says it signed a preliminary deal to build a multibillion-dollar petrochemical complex and invest in a liquefied natural gas terminal in China, despite trade tensions between the U.S. and China. XOM's agreement with the Guangdong provincial government includes a 1.2M metric tons/year ethylene plant, two polyethylene production lines and two polypropylene lines in the coastal city of Huizhou; the complex, which is expected to start in 2023, remains subject to a final investment decision. The deal could be seen as a goodwill gesture amid a deepening trade war Quote Share this post Link to post Share on other sites
Ajan Bosnjacki + 27 AB September 6, 2018 German chemical giant BASF announced plans in July to invest $10 billion to build China’s first wholly foreign-owned chemicals complex Quote Share this post Link to post Share on other sites
Meanwhile + 49 PT September 6, 2018 Good. You can't have return on investment without investment. Others have jumped on the share buyback bandwagon Quote Share this post Link to post Share on other sites
JohnAtronis + 78 JA September 6, 2018 3 hours ago, Sefko Trafikant said: Exxon Mobil says it signed a preliminary deal to build a multibillion-dollar petrochemical complex and invest in a liquefied natural gas terminal in China, despite trade tensions between the U.S. and China. XOM's agreement with the Guangdong provincial government includes a 1.2M metric tons/year ethylene plant, two polyethylene production lines and two polypropylene lines in the coastal city of Huizhou; the complex, which is expected to start in 2023, remains subject to a final investment decision. Shame on XOM for diminishing President Trump's efforts to achieve fair trade with China. Quote Share this post Link to post Share on other sites
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