ExxonMobil has begun purchasing several shipments of naphtha for its newly launched $10 billion petrochemical complex in southern China. This activity indicates that the facility is entering its test run phase, preparing for a formal start-up.
The petrochemical complex represents a significant investment in ExxonMobil's Product Solutions segment, aiming to produce high-value chemical products for the Asian market. The test runs are a critical step towards full commercial operation.
This operational milestone is expected to contribute substantially to ExxonMobil's earnings and diversify its global chemical footprint. The successful start-up of this large-scale plant is key to realizing the strategic value of the investment.
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