Thread regarding ExxonMobil Corp. layoffs

Exxon to invest in multi-billion dollar Chinese petrochem plant

Nov. 08, 2021 3:27 PM ET
Exxon Mobil Corporation (XOM)
By: Carl Surran, Seeking Alpha News Editor

Exxon Mobil (XOM +0.9%) says it made a final investment decision to proceed with a multi-billion dollar investment in the Dayawan Petrochemical Industrial Park in China, as it seeks to meet expanding demand for performance chemical products in China.

Exxon says the complex will produce performance polymers used in packaging, automotive, agricultural, and consumer products for hygiene and personal care, and will feature technologies to improve energy efficiency.

Construction is underway on the greenfield project, which includes a flexible feed steam cracker with nameplate capacity of 1.6M metric tons/year, three performance polyethylene lines, and two differentiated performance polypropylene lines.

by Anonymous
| 1912 views | | 11 replies (last ) | Reply
Post ID: @OP+1dIgJIQQ
Comment! It's anonymous!

11 replies (most recent on top)

Yet another d-mb azz decision by upper management. How did the last Russia gig work for you free sanctions? The invasion has begun from inside the US

by Anonymous
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Post ID: @2dzj+1dIgJIQQ

Yes China 1

by Anonymous
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Post ID: @2tzh+1dIgJIQQ

It will be interesting to see what happens to our China investments if the animosity between China and the USA continues to increase due to Taiwan and export/import issues.

by Anonymous
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Post ID: @2foa+1dIgJIQQ

Fish where the fish are, another goofball strategy. How's the investments Fuels made in Mexico doing? LOL

by Anonymous
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Post ID: @1bfp+1dIgJIQQ

Maybe Exxon should relocate to China to escape all the woke critics in the USA. It's an international company, so why does it have to remain in the US?

by Anonymous
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Post ID: @1xso+1dIgJIQQ

We will build it. We will staff it with Chinese who will learn our process and steal our intellectual property. Then in 5 years or sooner, China will change the tax law and add regulations that make our venture unprofitable, and per the Agreement we have, we will be forced to sell the venture to a Chinese company or the CCP for penies on the dollar. Even buying our stock back makes more sense than this investment.

by One man gathers what another man spills
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Post ID: @1uej+1dIgJIQQ

Another XTO story

by Anonymous
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Post ID: @1crj+1dIgJIQQ

The majority of EM’s Downstream capital investments will be sunk to the AP region, going forward. That’s where the emerging markets will sprout.
Europe DS and the North Sea is passe.

by Anonymous
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Post ID: @1ysf+1dIgJIQQ

Dollar for dollar, which entity provides better write-offs, subsidies and kick-backs:
China or Tejas?
Is this a jo--t venture between the two?
Betting Abbottoir would poke his eye out with a chopstick.

by Anonymous
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Post ID: @1ylr+1dIgJIQQ

yeah... nothing new

by Anonymous
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Post ID: @ntj+1dIgJIQQ

Is this China 1?

by Anonymous
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Post ID: @ldu+1dIgJIQQ

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