December 21, 2011 [C1 Energy] - Shanghai Fuel Co plans to build 100,000-150,000 more cbm of gasoline and gasoil tanks at its Bailian Oil Tank Farm, to start construction in 2012 at the earliest, a company source said.
With these new tanks online, Bailian Oil Tank Farm will have altogether about 200,000 cbm of storage capacity for gasoil and gasoline.
The tank farm has 200,000 cbm of storage capacity at present, including around 70,000 cbm for gasoil and gasoline in combination. It uses 50,000 cbm of oil product storage capacity for national reserves and the rest is for captive use by Shanghai Fuel or for rent.
Bailian Oil Tank Farm is located in the Shanghai Chemical Industry Park. The tank farm began operation in May 2009.
