Exxon Mobil to help build base in China

Huizhou in Guangdong province plans to establish a world-class, green petrochemicals production base after expanding cooperation with major global industry leaders.

The Guangdong government signed a series of cooperative deals worth billions of dollars with Exxon Mobil Corp on Wednesday. The agreements involve building a petrochemicals complex and liquefied natural gas project in Huizhou.

According to the deals, the first phase of construction of the project alone involves an investment of more than $4 billion. It will utilize advanced, environmentally friendly and mature proprietary production technologies to ensure construction of a green petrochemicals complex, playing a leading role in Huizhou's and Guangdong's economic development in the coming years.