The Tai'an port logistics park owned by Yankuang Energy Group commenced operation officially on December 5, according to parent Shandong Energy Group.
The project is a significant endeavor for Shandong province and Shandong Energy Group. It aims to establish a state-level intelligent and modern demonstration logistics park that combines road, railway, and waterborne transportation modes.
This initiative aligns with the national new strategy for energy security and aims to enhance coal reserve capacity. It also serves as a key project for Shandong Energy Group to optimize energy layout.
Starting construction on March 1, 2022, the park will be built in two phases, covering a total area of 1,800 mu and with an estimated investment of more than 3 billion yuan ($419.4 million).
The phase-one project, including five 1000 t-level berths and 23.4 km of dedicated rail line, has been completed, capable for 500,000 tonnes of static coal storage and annual cargo throughput of 32 million tonnes.
The phase-two project, which is under construction, will help boost the park's static coal reserve capacity to 2 million tonnes and annual cargo turnover to 60 million tonnes.
It will connect Shandong province with Shanxi, Shaanxi and Inner Mongolia's major eastbound energy transport channels, contributing to energy supply and security in China.
(Writing by Shengnan Liu Editing by Harry Huo)
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