May 30, 2011 [Sinopec News/TankTerminals.com] - According to the authorities of the Tianjin Nangang Industry Zone, there are three large scale crude storage terminals, including the national strategic crude oil reserve facility, located in Tianjin Nangang Industry Zone with a combined storage capacity of 7.4 million m³.
It is understood that the first four strategic crude oil reserve terminals with a combined storage capacity of 16.2 million m³ have been built and put into operation. The other eight facilities terminals are still under construction including the terminal in Tianjin.
At the moment, there are three big crude reserve terminals located at Nangang Industry Zone. The decision to build there the Tianjin strategic crude oil reserve terminal was made in 2009. The project required the total investment of RMB 3.5 billion. The terminal is being built by Sinopec Group. The initial designed storage capacity is 3.2 million m³.
In the meantime, Sinopec Group is also building in a commercial crude reserve of 3.2 million m³ for its own use. The terminal is located on the site of about 68.4 hectares. The total investment is about 3 billion yuan. The project includes the construction of 32 floating roof tanks of 100,000 m³ each and a 22-km pipeline to the Tianjin terminal at Dagang.
In addition, the PetroChina’s crude reserve terminal of 1 million m³ has been completed earlier this year. The project has been invested by Commercial Oil Reserve Company of CNPC, built and operated by Dagang Petrochemical. The terminal consists of 10 x 100,000 m³ crude tanks.
Nangang Industry Zone is located in the south of Binhai District, Tianjin., facing Bohai Bay on the east. Planned area is 200 square kilometers. It is designated to be a global hub for heavy chemical industry and a port multi-function zone.
