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  • 2011 September 27 14:49

    Lianyungang Port & Sinochem to build terminal with CNY 2.6bn

    Lianyungang Port Group on September 27 said that it signed an agreement with Sinochem International (Holding) Co. Ltd. According to the agreement, both sides will invest in constructing a liquid chemicals terminal and storage tank project in Qitai Handling Area of Lianyungang Port, Menafn reports.
    Sinochem International will set up a petrochemical warehousing company with Lianyungang Port Group as well as an international petrochemical port company with Jiangsu Lianyungang Port Co., Ltd. , a listed company under Lianyungang Port Group.
    Therein, the warehousing company will be mainly engaged in construction and operation of liquid bulk-cargo terminal and liquid petrochemical storage tanks, loading and unloading of liquid bulk cargo, related supporting services, warehousing and bonded warehousing services of liquid petrochemical products. They plan to inject approximately CNY 2 billion long-term investments in construction of storage tanks with a total capacity of 640,000 cubic meters.
    The company will construct three 50000-tonnage to 100000-tonnage liquid petrochemical terminals along coastline of roughly 1000 meters in liquid petrochemical operation area of Qitai Handling Area with a total investment of CNY 600 million.




        
       
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