Independent journal on economy and transport policy
06:26 GMT+1
This page has been automatically translated by Original news
New terminals of the Vopak group in China
System in the port of Yangpu realized in collaboration with Chinese SDIC. Al via the second phase of the Vopak Terminal Tianjin Lingang
May 26, 2011
The Dutch group Vopak will realize a terminal for liquid bulk (crude oil and producing oil) in the Chinese port of Yangpu in collaboration with Is Development & Investment Corporation (SDIC), one of the greatest Chinese societies public that depends directly from the central government of Beijing.
For the realization of the project Vopak and SDIC they have constituted joint venture of which the Chinese society stops 51% of the capital and Vopak 49%. Moreover a financing is agreed in order to support the investment with a group of six Chinese banks commanded by the Agricultural Bank of China.
Initially the new terminal, that it will rise on an area of 58 hectares in the Yangpu Economic Development Zones, will be equipped of two piers and will have a storage capability of 1,35 million cubic metres within the end of the 2013 that will be able to go up successively until 5,2 million cubic metres.
The Dutch company has emphasized that the new harbour structure will constitute the first terminal third independent one of southern China and will be able to receive oil tankers until 375.000 gross capacities in tons.
Moreover Vopak has announced that, with the Chinese partner Tianjin Bohai Chemical Industry Group (Bohai), it will realize the second phase of the terminal for liquid bulk Vopak Terminal Tianjin Lingang, project that is introduced to half last year ( of the 11 june 2010). To the first phase, that it will have an ability to 95.300 cubic metres, it will follow a second phase that will equip the system of an ulterior ability to 240.000 cubic metres dedicated to gas storage of liquified oil. It will come also realized a conduct of connection with the system of the Tianjin Bohua Petrochemical Co. situated in the Lingang Industry Park.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
The Dutch group Vopak will realize a terminal for liquid bulk (crude oil and producing oil) in the Chinese port of Yangpu in collaboration with Is Development & Investment Corporation (SDIC), one of the greatest Chinese societies public that depends directly from the central government of Beijing.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
