Yangpu Economic Development Zone
Encyclopedia
Yangpu Economic Development Zone (洋浦经济开发区) is an area of Hainan
Island, located on the Yangpu Peninsula
. This zone, covering 31 km2, contains a port, oil refinery
, petroleum commercial reserve base, power station
, and the town of Yangpu. The area, Hainan's largest economic zone, is located on the northwestern coast of the island, about 140 km. west of Haikou
city, the capital of the province. It is the first development zone approved for lease to foreign investors by the Chinese government.
The zone was officially established by State Council in March 1992, and was originally intended to be an export-oriented industrial area focusing on advanced technology with the development of tertiary industries.
In August 1992, the land of the 30 km zone was leased to Kumagai Gumi (Hong Kong) Ltd. (later renamed HongKong Construction Holdings), for development for a maximum of 70 years. An additional area of 38 km2 outside the zone has been designated for future development.
In September 1993, the customs area was enclosed an operations commenced.
The Sinopec
Yangpu refinery has the capacity to process 8 million mt/year of crude oil. LPG output is approximately 40,000-45,000 mt/month. Around 5,000 mt of this is sold to Hainan province. The remaining 35,000-40,000 mt is sold to Guangdong
province, or exported to Hong Kong
. The refinery has an LPG storage capacity of approximately 30,000 cubic meters.
The zone also has a 448,000 KW power plant to provide electricity to the area.
Hainan
Hainan is the smallest province of the People's Republic of China . Although the province comprises some two hundred islands scattered among three archipelagos off the southern coast, of its land mass is Hainan Island , from which the province takes its name...
Island, located on the Yangpu Peninsula
Yangpu Peninsula
The Yangpu Peninsula is located in northwestern Hainan Island, the southernmost province of China. It has a 110-kilometer coastline containing many natural harbours. An expressway connects the peninsula to Haikou city, the capital of the province, to the east....
. This zone, covering 31 km2, contains a port, oil refinery
Oil refinery
An oil refinery or petroleum refinery is an industrial process plant where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas...
, petroleum commercial reserve base, power station
Power station
A power station is an industrial facility for the generation of electric energy....
, and the town of Yangpu. The area, Hainan's largest economic zone, is located on the northwestern coast of the island, about 140 km. west of Haikou
Haikou
Hǎikǒu , is the capital and most populous city of Hainan Province, in the People's Republic of China. It is situated on the northern coast of Hainan, by the mouth of the Nandu River...
city, the capital of the province. It is the first development zone approved for lease to foreign investors by the Chinese government.
History
During 1983-1989, research was conducted for building a deepwater harbour with studies of sedimentation of the embayments.The zone was officially established by State Council in March 1992, and was originally intended to be an export-oriented industrial area focusing on advanced technology with the development of tertiary industries.
In August 1992, the land of the 30 km zone was leased to Kumagai Gumi (Hong Kong) Ltd. (later renamed HongKong Construction Holdings), for development for a maximum of 70 years. An additional area of 38 km2 outside the zone has been designated for future development.
In September 1993, the customs area was enclosed an operations commenced.
Industry
More than 8 billion RMB has been spent on infrastructure within the zone. This includes state investment as well as foreign investment. The Ministry of Transportation funded the first stage of the Yangpu Harbor, which was opened in 1991. This includes a 3,000-tonne berth and two 2,000-tonne berths. The second stage will cost more than 780 million RMB, and will expand the capacity to 2.5 million tonnes with the addition of three 35,000-tonne berths. It is estimated that the capacity for handling cargo will be 220 million tons in 2020.The Sinopec
Sinopec
China Petroleum & Chemical Corporation Limited , or Sinopec Limited , is a majority owned subsidiary of state owned company Sinopec Group. Sinopec Limited is listed in Hong Kong and also trades in Shanghai and New York ....
Yangpu refinery has the capacity to process 8 million mt/year of crude oil. LPG output is approximately 40,000-45,000 mt/month. Around 5,000 mt of this is sold to Hainan province. The remaining 35,000-40,000 mt is sold to Guangdong
Guangdong
Guangdong is a province on the South China Sea coast of the People's Republic of China. The province was previously often written with the alternative English name Kwangtung Province...
province, or exported to Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
. The refinery has an LPG storage capacity of approximately 30,000 cubic meters.
The zone also has a 448,000 KW power plant to provide electricity to the area.