Mutual information (MI) has been widely used for association mining in complex chemical processes, but how to precisely estimate MI between variables of different numerical types, discriminate their association relationships with targets and finally achieve compact and interpretable prediction has not been discussed in detail, which may limit MI in more complicated industrial applications. Therefore, this paper first reviews the existing information-based association measures and proposes a general framework, GIEF, to consistently detect associations and independence between different types of variables. Then, the study defines four mutually exclusive association relations of variables from an information-theoretic perspective to guide feature selection and compact prediction in high-dimensional processes. Based on GIEF and conditional mutual information maximization (CMIM), a new algorithm, CMIM-GIEF, is proposed and tested on a fluidized catalytic cracking (FCC) process with 217 variables, one which achieves significantly improved accuracies with fewer variables in predicting the yields of four crucial products. The compact variables identified are also consistent with the results of Shapley Additive exPlanations (SHAP) and industrial experience, proving good adaptivity of the method for chemical process data.