KUALA LUMPUR: Weifang Sime Darby Port Co Ltd recently launched its liquid terminal, expanding its range of services to provide storage and usage of terminal facilities for bulk oil and chemicals at the port.

The launch was held at the new Weifang Sime Darby Liquid Terminal, a state-of-the-art terminal project designed to meet the highest safety requirements for bulk oil and chemicals storage and distribution.

Weifang Sime Darby Liquid Terminal Co Ltd (WSDLT) vice chairman Timothy Lee Chi Tim said the terminal is part of its 2.8 billion renmimbi master expansion plan, which will put the port on the roadmap to achieving the aim of becoming a significant multi-purpose port in the Northeast Asian region.

"The launch of our liquid terminals is timely to capture the growing market for crude and refined oil, as well as chemicals in China. These commodities have benefitted from the gradual liberalisation of import and export policies in China,” he said in a statement issued here today.

The storage and terminal facilities at Weifang Port are developed in phases.

Phase One with a maximum storage capacity of 406,000 cubic metres is already operational, while Phase Two with a maximum storage capacity of 91,000 cubic metres will be ready and operational in October this year.

The final phase with a capacity of 164,000 cubic metres is currently under construction, and is expected to be completed in the first half of 2019.

Weifang Port’s liquid terminal will be constructed, managed and operated by WSDLT, a joint venture company owned in equal parts by Sime Darby Overseas (HK) Ltd (SDOHK) and Dragon Crown Group Holdings Ltd.

SDOHK is the holding company for WSDLT and all subsidiaries operating within Sime Darby Logistics, a division within Sime Darby Bhd.

Located within the prime region of the Bohai Sea’s economic belt, Weifang Port lies strategically within the network of Longkou Port, Yantai Port, Weihai Port, Qingdao Port and Rizhao Port.

Sime Darby said Weifang Port’s prime location makes it an excellent gateway and a natural choice for cargoes from Central, Northern and Western Shandong and Weifang city.

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