China to boost annual petrochem throughput capacity

18-Feb-05

China based Dalian Petrochemicals Co. plans to build a 150,000 ton class oil terminal in the 11th Five Year Plan Period (2006-2010) to form a liquid petrochemical berth group.The projects, including a 50,000-ton and a 30,000-ton finished oil terminal, are scheduled for completion in the first half of 2006. PetroChina and the Dalian Petrochemical Co. will invest US$23 million (190 million yuan) this year to expand the petrochemical port throughput capacity to 24 million tpa. Combined with the existing 100,000 ton class oil terminal, the expansion will bring the annual throughput capacity to 40 million tons, making the port an international shipping center in northeast Asia.