Project Profile
Value: Undisclosed
Location: Taiyuan City, Shanxi Province, China
Storage capacity: 50,000 metric tons (approximately 18 million gallons) of petroleum products in 8 large storage tanks
Start-up Year: January 2009
Longwei Petroleum Investment Holding Ltd. owns and operates the storage facility in Taiyuan City, Shanxi Province. The Taiyuan storage facility has a total of 8 large storage tanks with a capacity to store 50,000 metric tons (approximately 18 million gallons) of petroleum products. Longwei Petroleum maintains delivery and distribution platforms, including a dedicated rail spur and a tanker truck fuel depot station at this facility. The company owns and maintains all assets at the facility. The product sales revenue contribution from the Taiyuan facility for the fiscal years ended June 30, 2012 and 2011 were US$256.3 million and US$269.7 million, respectively. All of the product sales revenue earned prior to fiscal year ended June 30, 2009 were earned at this facility.
Operators:
Longwei Petroleum Investment Holding Ltd.: Operator with 100% interest