Jan. 9, 2018
Chinese agrochemical company Jiangsu Huifeng Agrochemical
’s wholly-owned subsidiary Jiangsu Huifeng Petrochemicals recently announced its Phase 2 project that includes construction of 26 storage tanks, measuring 162,000 cubic meters (inclusive of six gas tanks totaling 18,000 cubic meters).
Huifeng Petrochemicals deals in chemicals and oils, storage, warehousing and logistic services. On January 1, Huifeng Petrochemicals won China’s port business operation license, which permits loading, unloading and storage services within the port zone, covering methylbenzene, acetone, o-xylene and m-xylene.
The Phase 1 project of Huifeng Petrochemicals, which included construction of storage of 308,000 cubic meters capacity, was completed in 2015. According to the business report of Jiangsu Huifeng Agrochemical, the completion of the Phase 2 project of Huifeng Petrochemicals will enhance the competitive edge and profitability of the company.
In the years ahead, Huifeng Chemical is prepared, via utilization of its petrochemicals storage facility, to shape a close supply chain with upstream and downstream vendors, as well as the surrounding industrial parks. On this basis, the company intends to establish an influential chemical raw material marketplace in east China, which is expected to become the company’s new source of profitability.