25 February 2013 06:41 [Source: ICIS news]
SINGAPORE (ICIS)--China State Reserve Energy & Chemical is expected to complete the construction of a 1m cbm/day gas liquefaction plant in Xuanhua county, Hebei province, in late 2013, a company source said on Monday.
The company has already built two 5,000cbm storage tanks at the same site, the source said.
Liquefied natural gas (LNG) output will be mainly sold to Guangdong, Jiangsu and Zhejiang provinces, the source said, adding that the company may build a second phase project depending on market demand.
LNG delivery will be carried out by the company’s logistics subsidiary, which has about 10 LNG tanker trucks in service, the source said.
The company is planning to buy more trucks in the future and may also work with third-party logistics companies, added the source.
China State Reserve Energy & Chemical largely focuses on the investment and development of energy projects, such as resource strategic reserves and storage.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections