Date: 2013-07-31

Shell 300,000 Tons Lubricating Oil Production Line Located in Tianjin Nangang Industrial Park

The Administrative Commission of Tianjin Development Zone (Nangang Industrial Park) signed the investment cooperation memorandum with Shell (China) Co., Ltd, which plans to build production line with the annual output of 300,000 tons of lubricating oil, and refined oil storage project with the area of 300,000 cubic meters' design inventory.

It is expected to invest 100 million U.S. dollars for Shell lubricating oil production project in Nangang Industrial Park, which will built production line with the annual output of 300,000 tons lubricating oil. The project plans to construct in 2012 with the annual production capacity of 500,000 tons after it has been put into operation in 2013, meanwhile the sales revenue will achieve 5 billion yuan. At the same time, Shell Goup will also establish refined oil storage project in Nangang Industrial Park, which estimated to invest 50 million U.S. dollars, covers an area of 300,000 cubic meters with the annual turnover about 3 million tons. It plans to start in early 2012, and be fully completed by the end of that year, meanwhile to be put into operation in 2013. Royal Dutch Shel Group is one of the key oil companies in the world, operates in more than 130 countries, which is the major producer of oil, natural gas and petroleum chemical in the global.

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