Sinopec Hong Kong, the investor in Yangpu Bonded Terminal in Hainan, officially started the construction of total 2.08 million m³ capacity of PhaseI in November 2010 .

The completion is expected in 2012 at the earliest. There are storage tanks for gasoil, gasoline, kerosene and fuel oil being constructed at the facility. After the completion of the oil depot, the Hainan Yangpu district will become an important distribution center for oil transit business.

The first batch of tanks with approximately 790,000 m³ storage capacity is expected to be operational in the second half of 2011, or by the end of 2011 at the latest.

The terminal project includes the construction of tank farm and supporting pier. The tank farm consists of 420,000 m³ gasoline tanks (6 x 50,000 m³ and 4 x 30,000 m³), 520,000 m³ aviation fuel tanks (8 x 50,000 m³ and 4 x 30,000 m³), 600,000 m³ diesel oil tanks (8 x 50,000 m³, 4 x 30,000 m³ and 4 x 20,000 m³), 540,000 m³ fuel oil tanks (6 x 50,000 m³ and 8 x 30,000 m³). The company reserved space for additional 1.58 million m³ of oil product storage. Supporting pier includes 1 x 100,000 DWT jetty, 2 x 50,000 DWT jetties and 1 x 10,000 DWT jetty.



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