Yangpu Economic Development Zone

Yángpǔ Economic Development Zone (simplified Chinese: 洋浦经济开发区; traditional Chinese: 洋浦經濟開發區; pinyin: Yángpǔ Jīngjì Kāifā Qū) is an area of the Yangpu Peninsula, Hainan province, China. This zone, covering 31 km2 (12 sq mi),[1] 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 (87 mi) west of Haikou, the provincial capital. It is the first development zone approved for lease to foreign investors by the Chinese government.[2]

For the district in Shanghai, see Yangpu District.
Yangpu Economic Development Zone

洋浦经济开发区
Economic Development Zone
Location in Hainan
Coordinates: 19°44′4.4″N 109°12′40.3″E
CountryPeople's Republic of China
ProvinceHainan
Area
 • Land31 km2 (12 sq mi)
Time zoneUTC+8 (China standard time)

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.[3]

In August 1992, the land of the 31 km2 (12 sq mi) 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 (15 sq mi) outside the zone has been designated for future development.[1][4]

In September 1993, the customs area was enclosed an operations commenced.[5]

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.[6]

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.[7]

The zone also has a 448,000 KW power plant to provide electricity to the area.

Geography

The entire district, located on the Yangpu Peninsula is flat, all less than 100 metres above sea level. The zone's foundation consists of clay, sandy loam, basalt and quartz sand. Yangpu's coastline contains 20 bays with a deep-water channel near to the shoreline.

References
  1. Gwinnell, Philip; Han, Bin (December 2010). Hainan, China's Emerging Jewel - The Definitive Guide. Nanfang Publishing House (南方出版社). ISBN 978-7-5501-0016-9. p 67
  2. "Canada - China Society Of Science & Technology Industries Event Page". Canada-china.com. Archived from the original on August 28, 2008. Retrieved 2010-07-30.
  3. "Hainan's Yangpu Still Attractive to Investors". English.peopledaily.com.cn. 2000-07-06. Retrieved 2010-07-30.
  4. "中国　海南洋浦经济开发区" [China Hainan Yangpu Economic Development Zone]. Archived from the original on May 10, 2009. Retrieved December 7, 2009.
  5. "Yangpu Economic Development Zone". Yangpu.gov.cn. Retrieved 2010-07-30.
  6. "Hainan's Yangpu Economic Development Zone recovers _English_Xinhua". News.xinhuanet.com. 2009-07-18. Retrieved 2010-07-30.
  7. "China's Sinopec Yangpu refinery resumes LPG exports: sources - ECF Your Window On China Energy Market". Energychinaforum.com. Retrieved 2010-07-30.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.