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Huifeng Bio Agriculture to inject 308 million yuan into wholly-owned petrochemical subsidiary
Jun. 7, 2018
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China
It is reported that phase 1 of the Jiangsu Huifeng Petrochemicals Ltd has been built with a storage capacity of 308,000m3. In January, the 26 storage tanks totalling 162,000m3 (including six gas tanks totalling 18,000m3) of the phase 2 of Huifeng were commissioned and reached operational readiness. By virtue of the national class 1 Dafeng Port and the locational advantage, the service of phase 2 of Jiangsu Huifeng Petrochemicals Ltd is expected to cover more industrial areas in the surrounding regions via the release of differentiated product lines and efficient services for customers.
In the years ahead, Huifeng will establish a closer supply-chain partnership with upstream and downstream enterprises using the advantage of the petrochemical storage facility, which will be built into an influential chemical material marketplace in east China, expected to become a new source of growth for the company.
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Source: AgroNews
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