October 11, 2008

Baosteel secures plate order for Qinzhou refining project

It is reported that Baosteel has secured the tender for Qinzhou refining project in Guangxi Province launched by China National Petroleum Corporation, in which it will provide steel plates for all the eight 100,000 cubic meters oil storage tanks.

As China National Petroleum Corporation's largest oil refining project in South China, Qinzhou refining project is scheduled with annual capacity of 10 million tonnes. The first stage includes eight 100,000 cubic meters oil storage tanks with operation start up slated for the end of 2008. The oil storage tanks require 5800 tons of high quality heavy plate.

So far Baosteel has secured orders for 72 large domestic oil storage tanks within 17 months after its heavy plate for oil storage tanks entered the market.

(Sourced from MySteel.net)