The project is a “state-of-the-art terminal project designed to meet the highest safety requirements for bulk oil and chemicals storage and distribution”, and part of a RMB2.8bn ($420m) master expansion plan to position Weifang Sime Darby Port as a significant multi-purpose port in the Northeast Asian region.
Weifang Port’s liquid terminal will be constructed, managed and operated by Weifang Sime Darby Liquid Terminal (WSDLT), a joint venture company owned in equal parts by Sime Darby Overseas (HK) and Dragon Crown Group Holdings.
Phase one with a maximum storage capacity of 406,000 cu m is already operational, while phase two with a maximum storage capacity of 91,000 cubic metres will be operational in October.
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