Royal Vopak has acquired 50% of the shares in the Sealink Storage Company (Sealink) from Merit, a subsidiary of the Lanwa Group from China. The Lanwa Group is an industrial investment company based in the city of Dongguan. Sealink owns 23.2 hectares land in Dongguan in the Province of Guangdong, which is located on the east bank of the Pearl River Delta in the South of China. The company also holds a concession granted by the authorities and obtained all relevant permits for the construction and operation of a bulk liquid storage terminal on this plot of land in Dongguan.
Vopak and its local business partner will start the phased construction of a storage terminal and jetties for chemicals and clean petroleum products with a maximum future storage capacity of 400,000 cubic meters (cbm) on Lisha Island in Dongguan. This former island, which is connected to the main land by roads, has become one of the major chemical logistical centers for the Pearl River Delta. The first phase of 153,000 cbm is expected to be commissioned in Q3 of 2011.
The terminal will provide independent storage and transshipment services to the petrochemical industry.
Dongguan is strategically located on the east bank of the Pearl River Delta and is part of the economic heart of Southern China. The Pearl River Delta is one of the leading economic regions of China and a major manufacturing center.
Vopak already operates seven independent bulk liquid storage terminals in China, with a total storage capacity of more than 1 million cbm.