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Shell JV builds storage facility in Tianjin

Global major’s latest build is set to increase fuel storage capacity by 200,000 cubic metres.

Shell North China Oil Group, a joint venture between Shell China and Tianjin State Farms Agribusiness Group, has begun building an oil product storage facility in the northern coastal city of Tianjin. In 2011, the joint venture operated around 210 service stations in Tianjin and neighbouring provinces.

Construction at the Nangang storage facility will be broken down into three stages, with the first 55,000 cubic metre unit coming online sometime in 2013. The second phase will start the year after, and the project is scheduled for completion by 2015. The facility will handle 3 million metric tons (3.3 million tons) of oil products a year, generating sales of CNY 24 billion ($3.8 billion) annually.

Tags: China, China lubes news, Shell

Published 25th June, 2012

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