Artexis Easyfairs has launched a new tank storage event in Shanghai to complement its global portfolio of industry events.
StocExpo Shanghai 2016 will be the world’s largest dedicated even for the Chinese storage terminal industry.
Despite news concerning the slowdown in its economy, China has been identified as a key region for oil storage up until 2040, and according to the IEA, it will add almost 350 kb/d to global demand on average per year and is the key driving force behind the growth in global oil consumption.
In 2015, China also became the world’s largest crude oil user, making StocExpo Shanghai perfectly placed to serve key storage regions.
The country has 9,500 tanks and more than 189 million m3 of capacity. Additionally, Shanghai currently holds 31% of the country’s total capacity.
Nick Powell, event manager of Easyfairs’ tank storage portfolio says: ‘Given the magnitude of the Chinese market, it seems only right that Easyfairs has picked this as its next market.
‘We have already experienced a huge appetite for the Chinese market and we know that there is plenty of room for growth, so expectations surrounding this show are huge, both internally and externally.’
The event will take place at The Shanghai World Expo on November 2 and 3, 2016. In addition to the two day show, featuring leading manufacturers and suppliers from across the industry, there will also be a conference to discuss storage issues in China.
For more information on the exhibition and conference visit www.stocexposhanghai.com.