June 8, 2016 [Odfjell SE] - Odfjell Terminals (Changxing) (OTCX) is a joint venture project between Odfjell Terminals Asia (50%), Dalian Port (PDA) Company Ltd (30%) and Dalian Changxing Island Administrative Commission (CXI Committee) (20%).
The terminal is strategically located at the Changxing Island, which is a major national petrochemical industry base. Total land area of OTCX is about 52 hectares, reclaimed from the sea.
The planned OTCX project will be developed in phases depending on the progress of the development of the industry zone. First phase will be two berths only, without any storage tanks. The company is currently in the process of obtaining permit approvals. First phase construction is scheduled to start the beginning of 2017, and be completed by the end of 2018.
Development of the industrial zone
In August 2015, a major chemical producer kicked off construction of its LPG alkylation plant. Its LPG processing capacity is about 200,000 tonnes per year and the output of alkylate is about 160,000 tonnes per year. This should be followed by a second stage of investment with a 200,000 tonnes polypropylene project. In the meantime OTCX is negotiating to handle 560,000 tonnes per annum of their feedstock and finished products through its new jetties. The confirmed resettlement of PetroChina Dalian refinery and Kunluan Gas is estimated 2018/19 and will facilitate the downstream development of the industrial park.
