CHINA: Zhejiang Zhong Ao Energy, Louis Dreyfus Highbridge Energy to set up storage terminal

摘要

US-based Louis Dreyfus Highbridge Energy (LDH) LLC said it has established a joint venture with China's Zhejiang Zhong Ao Energy Co Ltd, to construct an oil and petrochemical import-export terminal near Shanghai city.Louis Dreyfus Zhong Ao Energy Co Ltd will develop the facility in Zhoushan City on Liuheng Island in two phases starting with a 1.4-million-barrel petrochemical storage facility and deepwater port with a 75-foot draft. The second phase will add 7.5 million barrels of capacity for crude and oil products. The cost of the investment was not revealed.