The Dow Chemical Company, a leading industrial chemical giant based in the US, will spend 149 million creating a logistics centre of chemicals supply chain in Tianjin, covering a plot of land as large as 50 hectares.
The agreement was signed between the investment vehicle Dow Chemical (China) Investment and the administrative committee of the Nangang Industrial Zone of Tianjin.
The logistics centre will provide liquid chemicals storage service and could handle 9 million tonnes of liquid chemicals per year. The agreement will look to set up liquid chemical tank areas of 340,000m² and 420,000m² large and earmark 650,000m² for railway tank loading and unloading, and 40,000m² for road tankers. The project will also build associated facilities, shipping dock, public utilities and other infrastructures.
Municipal government of Tianjin promises that it will provide the best public services for The Dow Chemical to support it expand business in the city.