Holland’s Royal Vopak has reached agreement with the local authorities of Zhangzijagang in Jiangsu Province, China, on the long-term lease of around 48 hectares of land to build a chemicals terminal.
Zhangzijagang is situated on the southern banks of the Yangtze River, about 140 kilometres northwest of Shanghai, in the Yangtze River Delta area. This area accounts for approximately 20% of China’s Gross National Product and 25% of the country’s total industrial output.
The terminal will serve partly as an industrial terminal supporting the manufacturing activities of the multinational chemical companies in the industrial park where it will be built. Furthermore, the location will enable the terminal to offer break bulk services of chemicals in the Yangtze River Delta area.
In the first phase, the terminal will have a storage capacity of around 200,000 cbm and will be brought into operation in 2008.
Vopak has been active in China since the beginning of the 1990s and has established a network of five terminals, in different joint ventures, along the Chinese coastline. The new terminal in Zhangzijagang will be the first Vopak terminal in China that is wholly owned by the company.