On March 27th, the preliminary investment agreement for the Huizhou Phase III Ethylene Project of CNOOC Shell was officially signed in Beijing, which means that this national major foreign investment project with a total investment of over 50 billion yuan has entered a substantial promotion stage. The day before, the Guangdong Provincial Government signed a memorandum of cooperation with Saudi Aramco in Beijing. As the world's largest crude oil production company and the world's leading oil refining and chemical company, Saudi Aramco will strengthen cooperation with Guangdong in petrochemical, hydrogen energy, ammonia energy, and other fields to support Guangdong in developing a modern and more sustainable petrochemical industry. Just over a month ago, the ExxonMobil Huizhou Ethylene Project made significant progress, with the lifting of all large and heavy equipment completed, and the Daya Bay R&D Center breaking ground. Upon completion, it will become the first comprehensive R&D center outside ExxonMobil's North American headquarters equipped with pilot plants, integrated product R&D, and process development. In the first quarter of this year, on the "trillion-level" industrial track of green petrochemical industry, foreign investment in Guangdong continued to make a "big splash". What signals did it release? Foreign capital "strong magnetic field"?? The existing industry and market are more confident in signing with the expected two consecutive days of heavy contracts, both "big" and "new", attracting attention. Among them, the CNOOC Shell project is a joint venture energy project jointly invested by CNOOC and Shell Group, which is constructed in three phases. Previously, with the completion and production of Phase I and Phase II projects, it became the largest ethylene production plant in China at that time. The signing of the CNOOC Shell Huizhou Phase III Ethylene Project is a major foreign investment project in the country, with a total investment of about 52.1 billion yuan. The expected annual output value after reaching the production capacity is 37.4 billion yuan, which is even more significant. The memorandum of cooperation signed between Guangdong and Saudi Aramco is not only broad in scope and significant, but also the trend of foreign investment focusing on new industries, new markets, and new spaces deserves attention. As one of the world's largest oil, gas, and chemical integration companies, Saudi Aramco has significant influence in the global oil industry chain, and has broad cooperation space with Guangdong in the petrochemical field, new materials, and strategic emerging industries. As stated by Amin Nasser, President and CEO of Saudi Aramco, it is hoped that the two sides will strengthen cooperation in petrochemical, hydrogen energy, ammonia energy, and other fields, and support Guangdong in developing a modern and more sustainable petrochemical industry. Just over a month ago, the ExxonMobil Huizhou Ethylene Project made significant progress, with the lifting of all large and heavy equipment completed, and the Daya Bay R&D Center breaking ground. Upon completion, it will become the first comprehensive R&D center outside ExxonMobil's North American headquarters equipped with pilot plants, integrated product R&D, and process development. Confidence is gold, and it is with sufficient confidence and good expectations that foreign capital leaders will continue to establish themselves in Guangdong, with frequent investment and construction activities. "Industrial agglomeration is an important feature of the petrochemical industry. The continuous investment and production of CNOOC Shell from Phase I to Phase III demonstrate the confidence of multinational leading enterprises in China and the high-quality development of the green petrochemical industry in Guangdong." Ji Hongbing, a member of the China Chemical Society and Vice President of the Guangdong Petroleum and Chemical Industry Association, believes that this impact and demonstration is long-term, and through the implementation, construction, and production of large foreign funded projects, More global enterprises can see the strength and potential of Guangdong