ExxonMobil (Huizhou) Chemical Co., Ltd.

ExxonMobil is a globally renowned listed international energy company that uses advanced technology and innovation to help meet the world's growing energy demand. ExxonMobil holds substantial industry resource reserves and is a major global refiner and marketer of petroleum products, with its chemical company having production capacity in all major regions worldwide.

ExxonMobil has witnessed the development of the world's oil and gas industry, with its history tracing back to Standard Oil Company founded by John D. Rockefeller in 1882, spanning nearly 140 years.

ExxonMobil employs over 70,000 people. Its disciplined investment approach, commitment to developing frontier industry technologies, and pursuit of excellent operational management have positioned it as a global industry leader.

ExxonMobil in China

ExxonMobil's history in China dates back to 1892 when Standard Oil began selling kerosene in China, and the "Mobil lamp" brought light to many Chinese households.

Since the late 1970s, with China's reform and opening up, ExxonMobil has gradually re-engaged in various sectors of China's energy industry. Currently, the company's business in China spans all areas of the energy industry, including upstream, downstream, chemicals, and research and development centers.

ExxonMobil has a long-term commitment to China and is dedicated to helping meet China's growing demand for energy and petrochemical products through its products, technology, cooperation with Chinese partners, and investment.

Exploration and Natural Gas Marketing

ExxonMobil began exploration operations in China in the late 1970s. ExxonMobil participated in the first round of bidding for offshore exploration in China and became one of the first companies to obtain exploration and production rights in northwest China.

ExxonMobil seeks high-quality unconventional and conventional resource exploration and development opportunities and actively cooperates with Chinese oil companies overseas.

In 2009, ExxonMobil signed long-term liquefied natural gas (LNG) sales and purchase agreements with PetroChina and Sinopec. Both agreements are currently being implemented smoothly, supplying 2.25 million tons of LNG annually from the Gorgon project in Australia to PetroChina, and 2 million tons of LNG annually from the Papua New Guinea project to Sinopec. Four LNG carriers newly built by Hudong-Zhonghua Shipbuilding for these two projects have all been delivered and put into use on schedule.

On September 5, 2018, ExxonMobil signed a Joint Cooperation Memorandum of Understanding for the Huizhou LNG Receiving Station Project with Guangdong Energy Group (formerly Guangdong Yudean Group). The project is currently being actively promoted.

On April 22, 2019, ExxonMobil signed a long-term LNG sales and purchase agreement with Zhejiang Energy Group, expecting to supply 1 million tons of LNG annually to Zhejiang Energy Group.

Fujian Joint Venture

In 2007, ExxonMobil, together with its partners - Saudi Aramco, Sinopec, and Fujian Province - formed China's first fully integrated Sino-foreign joint venture in refining, petrochemicals, and finished oil product marketing. The Fujian Refining and Petrochemical Integration project was fully completed and put into operation in 2009.

The refined product marketing joint venture invested by Sinopec, ExxonMobil, and Saudi Aramco sells diesel and gasoline supplied by the production joint venture throughout Fujian Province through several oil depots and approximately 1,000 service stations.

Lubricant Production, Sales, and Services

ExxonMobil markets a full range of Mobil-branded automotive, commercial, and industrial lubricants in China, with two technologically advanced lubricant plants in Taicang, Jiangsu, and Tianjin. In 2014 and 2016, expansion projects at the Tianjin and Taicang lubricant plants were completed respectively, significantly increasing production capacity.

The Asia Pacific Lubricants Technology Center, established at the ExxonMobil Shanghai Research and Development Center in 2015, provides comprehensive innovative lubrication solutions to customers in the Asia Pacific region, including China.

More than 1,000 Mobil 1 vehicle care stores across the country serve China's rapidly growing motorist population.

In 2020, ExxonMobil, together with its distributors, Tencent, and Tuhu, a partner in the automotive aftermarket, formed a joint venture to provide customers with integrated supply chain (S) through an online platform, empower store operators (B), and deliver exceptional experience to consumers (C) in automotive care services ("S2B2C" business). The joint venture will expand the Mobil 1 vehicle care SM network in China, providing consumers with convenient, high-quality, and reliable omnichannel automotive care experiences through thousands of Mobil-branded stores and tens of thousands of partner stores. In terms of job creation and economic benefits, the joint venture will create additional value for the automotive aftermarket.

ExxonMobil, through its Mobil Wind Services in China, provides wind power companies with safe, environmentally friendly, and efficient wind turbine oil change solutions.

Chemicals

ExxonMobil markets a wide range of chemical products in China to meet customers' needs in various applications, including packaging, automotive, industrial and consumer goods, and hygiene and personal care products.

In March 2011, ExxonMobil Chemical Company's third-largest global R&D center was officially put into operation in Shanghai. The Shanghai R&D center is equipped with advanced laboratories and processing equipment, capable of providing product application support and innovative solutions to customers in China and across Asia. In April 2018, the expansion of the Shanghai R&D center, with an investment of tens of millions of dollars, was completed and put into use. The expansion includes new world-class R&D facilities, supporting deeper customer cooperation and business growth.

In recent years, ExxonMobil has been seeking opportunities to build large-scale chemical projects in the Asia Pacific region, including China. On November 1, 2017, ExxonMobil signed a strategic cooperation framework agreement and memorandum of understanding with the Huizhou Municipal Government and the Huizhou Daya Bay Economic and Technological Development Zone Administrative Committee. On September 5, 2018, ExxonMobil signed a strategic cooperation framework agreement with Guangdong Province and preliminary investment agreements with Huizhou City and the Daya Bay Administrative Committee for the Huizhou Daya Bay Chemical Complex project. On April 22, 2020, a cross-border cloud groundbreaking ceremony was held for the Huizhou ethylene project, attended by Vice Premier Han Zheng, who declared the project commenced. In April 2021, ExxonMobil signed an engineering, procurement, and construction (EPC) contract worth approximately RMB 19.3 billion with Sinopec Engineering Inc. (SEI).

ExxonMobil Huizhou Chemical Complex includes a flexible-feed steam cracker with an annual capacity of 1.6 million tons of ethylene, two high-performance linear low-density polyethylene units with an annual capacity of 1.2 million tons each, a world-scale low-density polyethylene unit with an annual capacity of 500,000 tons, and two differentiated high-performance polypropylene units with an annual capacity of 950,000 tons each. ExxonMobil has established mature sales channels in China with excellent market development, sales, and technical teams to meet market development needs.

Sustainable Development

Energy is essential to human development. Our society faces the dual challenge of providing reliable, affordable energy to a growing global population while reducing environmental impacts, including climate change risks.

To address this dual challenge, ExxonMobil is working in multiple areas, including advanced technology development, developing products that help users reduce emissions, improving energy efficiency, and making public policy recommendations. At the same time, we also actively contribute to other important sustainability areas, such as protecting employee safety, reducing plastic waste, and providing economic development opportunities to the communities where we operate.

In China, ExxonMobil is equally committed to sustainable development while conducting business. We actively support community welfare initiatives in China, particularly in education, health, and environmental protection.

Toward a Low-Carbon Future

ExxonMobil is committed to helping meet global energy demand while actively addressing the challenges of climate change and sustainable development.

In January 2021, the company established a new business, ExxonMobil Low Carbon Solutions, to commercialize its broad portfolio of low-carbon technologies, including carbon capture and storage (CCS), hydrogen, and low-emission fuels, initially focusing on carbon capture and storage (CCS). We are also exploring opportunities for cooperation within China, contributing corporate efforts and commitments to help China achieve its carbon peak and carbon neutrality goals. We hope the Chinese government will introduce supportive policies to encourage the application and development of low-carbon technologies, including CCS, in China.