ExxonMobil reshuffles leadership in China, new Chairman officially takes office
Recently, according to an official announcement from ExxonMobil China, the company has officially completed the adjustment of its core management team in China effective May 1. Ms. Gu Zishan has officially taken office as Chairman of ExxonMobil China, while continuing to serve as President of the China Gas Business, assisting the company in continuously deepening its localization strategy in China.
In this personnel change, Tan Ranke, former Chairman of ExxonMobil China, has been transferred to the Singapore market to assume the role of Chairman of ExxonMobil Asia Pacific Pte. Ltd., overseeing the coordination of related business development in the Asia-Pacific region.
Public records show that Gu Zishan has been deeply engaged in the energy industry for over thirty years, accumulating extensive experience in global business operations and corporate management. She has held executive positions in Singapore, Canada, the United States, China, and other locations, with a business portfolio covering the entire industry chain, including upstream oil and gas exploration and production, downstream refining and chemicals, fine chemicals, and government and public affairs. A long-time advocate advocate for diversified industry development, she was named to the "50 Most Influential Women in the Global Oil and Gas Industry" list due to her outstanding industry influence and has won numerous major industry honors.
As a leading global integrated oil and gas giant, ExxonMobil has a comprehensive business layout. Its chemical sector includes mainstream categories such as basic chemical raw materials, general-purpose plastics, and synthetic rubber, building a mature and comprehensive refining + chemicals integrated industrial system.
Relying on the huge market demand, ExxonMobil has established multiple industrial bases and R&D centers in China to comprehensively improve its localized production capacity and service network:
1. Huizhou Daya Bay Petrochemical Base
Located in the Daya Bay Economic and Technological Development Zone in Huizhou, Guangdong, this is ExxonMobil's first wholly-owned large-scale petrochemical project in China. It officially commenced production in July 2025. With a total investment of up to $10 billion, it is also a landmark wholly-owned petrochemical project established by the U.S. side in China. The base has abundant core production capacity, with an annual production capacity of 1.6 million tons of ethylene, 1.2 million tons of linear low-density polyethylene, 500,000 tons of low-density polyethylene, and 950,000 tons of polypropylene. It focuses on high-value-added chemical products such as metallocene polyethylene and high-impact polypropylene. Its products are widely supplied to the Guangdong-Hong Kong-Macao Greater Bay Area, covering mainstream downstream fields such as packaging, automotive manufacturing, and home appliances.
2. Fujian Quanzhou Joint Production Base
Jointly operated by the company and local enterprises such as Fujian Refining & Chemicaling, it is located in Quanzhou, Fujian. It focuses on general polyolefin products such as linear low-density polyethylene and high-density polyethylene, while simultaneously supporting production lines for basic chemical raw materials such as aromatics and styrene, fully empowering the stable operation of the chemical industry chain in China's southeastern coastal region.
3. Shanghai Asia Pacific R&D Center
Established in Xuhui District, Shanghai, this is ExxonMobil's core technology R&D platform for the Asia-Pacific market. The center is equipped with cutting-edge experimental equipment and professional processing facilities. It focuses on core technology fields such as the application R&D of new chemical products, custom formula development, and polymer material modification, providing professional technical support and integrated innovative solutions for customers in China and the entire Asia-Pacific market.
4. Tianjin Lubricant Production Base
Rooted in the Tianjin region, it focuses on the R&D and mass production of various industrial and automotive lubricants. The base continues to promote production line upgrades and retrofits, significantly increasing the localized production capacity and supply efficiency of high-end lubricants. It outputs high-performance, high-stability lubrication products and supporting solutions for domestic fields such as mining and heavy industry.
With the new management in place, ExxonMobil will further rely on its existing industrial layout to deeply tap into the potential of the Chinese market, continuously increase investment in localized production, technology R&D, and market cooperation, and steadily expand the scale of its business in oil and gas, chemicals, and energy services in China.
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Commodity Price Chart
| Product name | Price (yuan/ton) | Price Limit |
|---|---|---|
| MEK | 7900.00 | -12.87% |
| Ethylene oxide | 6800.00 | -10.53% |
| Lithium hydroxide | 140000.00 | -10.26% |
| Lithium carbonate | 160000.00 | -10.11% |
| Isobutyraldehyde | 6733.33 | -9.82% |
| Ammonium sulfate | 1503.33 | -9.80% |
| Lithium carbonate | 158000.00 | -9.71% |
| ECH | 10400.00 | -8.77% |
| Lithium hydroxide | 152000.00 | -8.43% |
| Adipic acid | 8366.67 | -8.06% |
| Propylene glycol methyl ether | 8883.33 | -7.85% |
| TDI | 14800.00 | -7.31% |
| Ethyl acetoacetate | 11475.00 | +7.24% |
| Aniline | 9525.00 | -7.19% |
| Sulfur | 8033.33 | +7.11% |
Commodity Intelligence
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