July 31, 2013 [C1 Energy] - Southern Petrochemical Storage Co has taken over Titan's Nansha oil tank farm in Guangzhou, but will maintain the storage business of this tank farm, a source with Nansha Petrochemical said on Thursday.
After acquiring Titan’s tank farm, Southern Petrochemical kept the staff of the tank farm and its customers, said the sourced, and the company also continued with previous business mode.
The tank farm has a storage capacity of about 590,000cbm, with 200,000cbm for fuel oil futures and some tanks for distillates and chemical products. This tank farm is still under expansion.
In addition to this tank farm, Southern Petrochemical has also acquired Titan’s tank farms in Shanghai, Quanzhou and Yantai.
