BEIJING: ExxonMobil Corp said it has signed a preliminary deal to build a petrochemical complex and invest in a liquefied natural gas (LNG) terminal in China, the latest major foreign investment in the world’s top chemicals market.
The agreement worth billions of dollars with the southern Guangdong provincial government included a 1.2 million-tonne-per-year ethylene plant, two polyethylene production lines and two polypropylene lines in the coastal city of Huizhou, it said.
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