Home  Contact Us
  Follow Us On:
 
Search:
Advertising Advertising Free Newsletter Free E-Newsletter
NEWS

Tianjin to build jet fuel storage & transportation base
Published on: 2010-02-04
Share to
User Rating: / 0
PoorBest 


alt
 

China National Aviation Fuel Group Corp. (CNAF), a state-owned air transportation logistics services provider, lately decided to create a sizable jet fuel storage and transportation base in Tianjin Municipality, north China, together with Tianjin Northern Petroleum Co., Ltd.


Through its logistics subsidiary, CNAF has entered into the investment and cooperation agreement with Tianjin Northern Petroleum and the Administrative Committee of Tianjin Economic and Technological Development Zone.


Covering a total floor area of 300,000 square meters, the base is designed to store 685,000 cubic meters of jet fuel at most. The whole construction is divided into two phase, and total investment in the Phase I is estimated at CNY 770 million. It will mainly offer the airports in Beijing, Tianjin, Liaoning, Hebei, and Shandong with jet fuel in the near future.


The Tianjin-located project is scheduled to break earth and start operation in June 2010 and August 2011, respectively. By 2015, total profit and operating revenue generated from this base will separately hit CNY 200 million and CNY 60 million.

Comments (0)Add Comment

Write comment

security code
Write the displayed characters


busy
    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2019 BusinessTianjin.com. All rights reserved.