The cooperation between Saudi Aramco and the northern industrial group is expected to provide strong support to the latter in terms of crude oil supply, technical solutions and sources of funding, not

At the launch of the new plastic product for multinational companies held in Yuyao on November 6, ExxonMobil, Saudi Basic industries, Eastman, Dow Chemical brought new products for polyethylene and polypropylene developed for different application markets. Chinese chemical news reporter in the interview learned that multinational companies are very optimistic about the development prospects of China's plastics market, not only actively develop new products and new applications, but also step up the layout of its production capacity in China.

In particular, Exxon Mobil, BASF, Saudi Aramco and other international giants have recently announced the investment of new petrochemical installations in China, betting on a rise in demand for plastics. In September this year, ExxonMobil signed a strategic cooperation framework agreement with the Guangdong provincial People's government to promote the construction of a chemical integration project in the Huizhou Dayawan Petrochemical industry zone. The new facility will help meet the growth needs of chemical products in the Chinese market. At the same time, ExxonMobil and the Huizhou People's government, the Dayawan Economic and Technological Development Zone Management Committee, Guangdong Cantonese Power Group respectively signed the ExxonMobil Huizhou Chemical Complex Project Initial investment agreement and Huizhou LNG receiving station project joint cooperation memorandum. The billions of-dollar project will include a flexible feed steam cracking Joint unit with an annual output of 1.2 million tons of ethylene, two high-performance polyethylene production lines and two differentiated polypropylene production lines.

The project is scheduled to start production in 2023. In an interview with reporters, Gong Jiale, ExxonMobil's customer Manager for polypropylene in China, said the investment in Huizhou was precisely because ExxonMobil was bullish on the future of China's plastics market.

The product presented at the conference Echi Peak High-order polypropylene is currently mainly produced in Singapore, with the future of Huizhou production capacity landing, it is likely to relocate the production line to China. Also in the Huizhou layout is the first Nordic chemical to invest in China. In April this year, the Huizhou Dayawan District signed a framework agreement on Chemical Project cooperation with the Nordic chemical group. Using ethylene, propylene and other raw materials, the project will extend downstream to produce the world's leading high-quality chemical end products, including the world's first packaging film using Polyolefin to produce solar energy. William Yau, President of Nordic Chemical Asia business Development, said: ' China's rapid growth in the market for solar, wire and cable and other professional applications has enabled our customers to have a great demand for advanced materials based on high-pressure technology. In terms of distribution and technical services, we will make full use of the strong marketing network of the Nordic chemical Company in China to provide customers with the best quality products and services.

' Zhanjiang, which is co-located with Huizhou in Guangdong province, is favored by the world's chemical giant BASF. In July this year, in the presence of Chinese Premier Li Keqiang and German Chancellor Angela Merkel, Lin Shaochun, executive vice governor of Guangdong Province, and Brudermüller, chairman of the Executive Board of BASF Europe, co-signed a memorandum of understanding on non-binding cooperation in Berlin, Germany. According to the contents of the memorandum, BASF intends to build the world's leading integrated petrochemical project in the Donghai Island Petrochemical Industrial Park of Zhanjiang Economic and technological development zone, Guangdong Province, with a total investment of 10 billion U.S. dollars. This is BASF's largest outward investment to date.

BASF said that the Zhanjiang investment project is particularly unique, not only the ' refining + cracking device ' combination, but also downstream extension, the production of special products, including plastics, covering the entire industrial chain. Half a month ago, the deputy Secretary of Liaoning Provincial party committee, who was on a friendly visit to Saudi Arabia, met with Amin Nasir, president and chief executive officer of Saudi Aramco, and attended the signing ceremony of Saudi Aramco and China Northern Industrial Group Co., Ltd. Tang Yijun Aramco Petrochemical Development Project.

The signing of the cooperation agreement marks significant progress in joint ventures between the two sides in Panjin, Liaoning Province, and China-jin Aramco Petrochemical Development Project. It is understood that the Northern industrial group 15 million tons/year refining project was approved in July 2015 (mainly including 15 million tons/year regular decompression, 1.4 million tons/year aromatic joint device, such as 19 sets of refining engineering units, 1 million tons/year ethylene and other 13 sets of chemical engineering units), the construction unit for the China Kam Group, The construction site is Panjin Liaodongwan new district. Project in line with the principle of integration, clustering, differentiation, scale, in accordance with the ' reduction, resource, advanced technology ' standard, the construction of domestic leading, world-class refining and integration base.