CNOOC to spend nearly 300 million yuan to build chemical docks to be completed by the end of July next year

The main project of the Hainan Bashu Port Chemical Terminal project, which was constructed by CNOOC Chemical Co., Ltd. with a cost of RMB 298.3 million, was started in the near future and will be completed by the end of July next year.

According to relevant person in charge of the terminal project team, the feasibility study of the terminal project has also been completed in February of this year. The basic design of the project has recently passed expert demonstrations. At present, issues such as temporary sites and “three links and one leveling” have been resolved. A batch of funds of 150 million yuan has been put in place.

It is understood that the construction of a new wharf in the eight ports will be a key investment project of CNOOC this year. It involves the transportation of methanol and other chemical products. As one of the large-scale ports in Hainan, the former Hachiko Port had made important contributions to the local economic development. However, the current port structure, functions, and throughput capacity are lagging behind. There is no special berth for liquid chemicals, which has become a constraint on the local economy. Especially the "bottleneck" of the rapid development of Dongfang Chemical City. Therefore, it is necessary to build a new liquid chemical basin.

According to reports, CNOOC, as the largest shareholder of the Hosakagang Port Corporation, can not only use the eight ports as its new logistics compensation base, effectively reducing the cost of operating ships and short-distance transportation vehicles, and achieving smoother downstream products including methanol. Dejima; and the eight ports can also be through the introduction of modern management mechanisms, learn from CNOOC's advantages in capital, talent, technology, and management, combined with its rich port management experience, committed to the port's operation and development.

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