It is a large-sized petrochemical storage & transport base
project, co-founded as a joint venture by the Company and
Hong Kong Datang Petrochemical Co., Ltd. in 2004.The project
is to be built to address the severe inadequacy of storage & transport equipments, which are challenged by the country’s
rapidly growing demand for PX-based products. The project, currently in the preparation stage, is located on Liuheng Island (Zhoushan) and is to be implemented in two phases, involving
a total planned floor area of 550mu and 1,400m-long water
fronts. Phase I will be funded by a total investment of 380
million yuan, occupy 144.72m land, and use 700m water fronts.
The works to be built include: 200,000m3 PX tank yard, one 50,000t-class wharf (also berthing 80,000t-class vessels), one
3,000t-class wharf (also berthing 5,000t-class vessels), and
2,000m2 supporting general buildings, public works, safety & environmental facilities, and other appurtenant works. The
built project, with an annual throughput capacity of 1.88 million
tons, At present, all procedures required in examination and
approval for the early stage have been handled, the efforts to
create Seven Availables and One Accessible are accomplished,
and the project is going to proceed with construction. It is
estimated to be put into operation at the 2008 year-end.

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