Sinochem Energy Co.,Ltd. operate the largest commercial storage and logistics business for crude oil, refined petroleum products and petrochemicals in China, in terms of storage capacity. It consists of six storage facilities with a total company-owned capacity of approximately 5.1 million cubic meters, a substantial part of which serves third-party customers. Our assets form a key part of China’s strategic oil reserve network.
Our main assets are strategically located in key coastal provinces and regions of China, especially the economically important areas of the Yangtze River Delta, the Pearl River Delta, the Bohai Rim Area, and along the Yangtze River. Our geographical distribution provides us with unique advantages, and access to the most important industry centers of China. We can handle a comprehensive range of products, including crude oil, refined petroleum products and petrochemicals. Due to our ability to reduce product losses and ensure the safety of our customers’ products through comprehensive and standardized management, we are able to offer our customers high-quality storage services and other high value-added services. Aoshan Island storage complex is a leader in China in the use of digitally-enabled management, and a compelling example of the “Smart Logistics” business model.
Our storage and logistics business is a crucial part of our product marketing effort, and a core link in our presence across the industry value chain, providing storage and logistics network for our oil and petroleum products trading, refining and petrochemicals and marketing and distribution segments.