Mr. Juhan H Robberts, Vice President of ExxonMobil Global Basic Chemical, Madam Chin Ai Lin Geraldine, President of ExxonMobil China Petroleum & Petrochemical Company Private Limited, and Mr. Fernando B Vallina, Chairman of ExxonMobil (China) Investment Company Limited paid a virtual visit and had friendly discussion with Gu Yuefeng, the Secretary of the Party Committee and Chairman of the company.

The shareholder’s management fully affirmed the company's outstanding performance of 2020 in pandemic prevention and control, safety improvement, operation optimization, cost control and profitability, and expressed their gratitude to the company’s management and employees for their unremitting efforts in responding to difficulties and challenges. The two sides had an in-depth discussion on the general business environment post Covid-19, improvement of the company’s safety culture, production and operation, and master plan status.

Gu Yuefeng commented that the ongoing "Two Sessions" and the 14th Five-Year Plan under discussion would affect and set higher requirements for the future development of FREP. He analyzed the gaps and challenges of the company from four aspects, i.e., competitive advantages, industrial chain extension, high-end products and efficiency improvement, and commented on the importance and urgency of master plan project to the survival and development of the company during the 14th Five-Year Plan period. FPCL, as the shareholder, would fully support FREP to accelerate the master plan project. Hope all shareholders to provide strong technical support to the joint venture for its future development.

Mr. Juhan H Robberts was very glad to see the progress made by FREP in improving safety culture since 2019. He hoped that the management of the company would continuously pay high attention to safe and reliable operation of the existing units, and work on improving margin and cost efficiency, so as to lay a foundation for competitiveness improvement of the company. He encouraged the company to actively explore de-bottleneck opportunities of existing units through small capital projects, and hoped that the company would keep close communication with shareholders’ working level to further optimize the project scheme of the master plan project during the feasibility study, improve the investment return rate and the company’s competitiveness and sustainable high-quality development of the company. (Text/Yu Wei Photo/Xiao Wanyuan)