ChemChina is building a petrochemical berth in China’s north industrial hub Tianjin, investing CPY349m ($51m).

The annual handling capacity of the berth is expected to be five million tons.

To facilitate the jetty, the company will invest CPY1.6bn ($243m) in the building of a commercial oil storage base with a capacity of 1.29 million cubic metres.

In addition, Sinopec and China National Petroleum Corporation are planning to build logistic facilities and a crude oil wharf in Tianjin, according to