New Terminal JV in China for Odfjell SE
01.11.2012 - NEWS

January 11, 2012 [Reuters] - Odfjell SE has made an agreement to enter into a joint venture via its subsidiary Odfjell Terminals Asia Pte Ltd (Singapore), with Tianjin Economic-Technology Development Area (TEDA) via its subsidiary Nangang Port Company to develop a terminal and marine facilities for bulk liquid chemicals, petroleum products and gases in the Nangang Industrial Zone (Tianjin) in China.


The initial phase of the joint venture will consist of three deep sea berths and have a total storage capacity of about 150,000 cubic meters.

The joint venture company will be named Odfjell Terminals Nangang (Tianjin), whereby Odfjell will hold 49% ownership and hold the operational management. The initial total investment is estimated to be about USD 160 million. The first phase will start operations during the second quarter of 2014. The Nangang Industrial Zone is located about 120 km from Beijing and will become the major petrochemical complex in the Western Bohai Bay area.

Saudi Arabia, Pakistan in Talks On Refinery Upgrades, Greenfield Project : Official Says
11.27.2024 - NEWS
November 27, 2024 [Arab News]- Saudi Arabia is set to deepen its strategic partnership with Pakis... Read More
Verso Energy Reserves Land for Hydrogen and E-Fuel Plant in Finland’s Oulu
11.27.2024 - NEWS
November 27, 2024 [H2 View]- French-based Verso Energy is reserving a site at Finland’s Port of... Read More
Qatar Breaks Ground for World's Largest Blue Ammonia Plant
11.27.2024 - NEWS
November 27, 2024 [Iran Oil Gas]- QatarEnergy announced on Tuesday that the groundbreaking ceremo... Read More
Topsoe and Aramco Sign Joint Development Agreement to Advance Low-Carbon Hydrogen Solutions Using eREACT™
11.27.2024 - NEWS
November 27, 2024 [Topsoe]- Aramco and Topsoe sign a joint development agreement (JDA) to produce... Read More