April 4, 2011 [PR Newswire] - Orlando, FL-based Merletti Partners International has formed a strategic alliance with Hong Kong firm Rose Rock Infrastructure, Ltd. Rose Rock, through its joint venture with Hongfa Investment Group, will construct and manage a new petrochemical import terminal in Tianjin.
Merletti will handle all project-related security and will manage ongoing security needs once the terminal becomes operational.
The Joint Venture represents the first time in history that a Western company has a stake in a Chinese petrochemical port.Tianjin port is the 5th busiest port in the world and 3rd busiest in China in terms of tons of cargo handled. Tianjin Port is a key logistics center in Northern China and has relations with over 600 ports across 180 countries and regions in the world.
The project in Tianjin is expected to take 24 months to complete and will consist of two 10,000 ton chemical berths. Projected terminal storage for products will be 800,000 m3 (approx. 211 Million US Gallons). The terminal will mainly be used for fuel oil, marine oil, gasoline, diesel, and benzene. Total projected cost for the terminal project is 1.688 Billion Yuan (approx. $256M).
About Merletti Partners International:
Merletti Partners International is a full-service global risk management firm with established offices in North America (USA andMexico) and China. Led by Lewis C. Merletti, former Director of the United States Secret Service, the management team includes former law enforcement executives and physical security experts from both the United States and China. With global headquarters located in Orlando, Merletti Partners International specializes in International supply chain transportation security solutions. The Merletti philosophy is simple: Evaluate all risks unique to our clients and design, integrate and manage practical solutions. Merletti Partners International is uniquely positioned to respond to immediate risks throughout China and the Pacific Rim.
About Rose Rock Infrastructure, Ltd.:
Rose Rock Infrastructure, Ltd. Is a subsidiary of Rose Rock Partners, LLC and is dedicated to development, ownership and management of infrastructure assets in China. Rose Rock is also involved in real estate development, private equity investment management, and corporate and financial advisory services. It has joint venture offices in Beijing and Tianjin and representative offices in Hong Kong. Rose Rock is headquartered in New York.
