Huaxing Lianyungang LPG project nears startup, reshaping East China import landscape

The Huaxing Lianyungang LPG project is nearing startup with total storage capacity of 447,000 cubic meters and annual throughput of 2.20 million tonnes. Located in northern Jiangsu near Shandong, it will compete with Shenghong Petrochemical for market share and affect shipments from Shandong terminals and northbound flows from central Jiangsu.

On November 5, the vessel Baohui berthed at the Liquid Bulk Terminal at Ganyu Port Area, Lianyungang Port, marking the near completion of preparatory work at the Huaxing Lianyungang storage facility and laying the groundwork for operation. East China's LPG import market was previously divided among four major players: Matheson