Titan Petrochemicals Corporate Brochure English

Superior Solutions in Integrated Oil Logistics Titan Petrochemicals Group Limited

Titan celebrates 10 years of success since 2002.

Contents About Titan

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The Titan advantage

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Your partner in China

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Superior onshore storage infrastructure

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Flexibility at the centre of Asia’s energy markets

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World-class management systems

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Grooming the next generation

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Contact us

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Titan Petrochemicals Group Limited

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China

Hong Kong

Malaysia Singapore

Shipping Lines Terminals

About Titan As one of the largest independent oil storage operators in China, backed by a modern fleet of double-hulled floating storage vessels in Asia, Titan is the choice of oil majors, petrochemical giants and international trading companies.

A

t Titan, we provide an integrated stream of end-to-end sourcing, blending, onshore and offshore storage, transportation and wholesale distribution services for international and domestic clients operating in Asia.

As China’s renowned integrated oil logistics services provider, we operate four world-scale onshore storage terminals along the eastern coastline

in Guangdong, Fujian, Shanghai and Shandong. These terminals are bonded warehouses and offer services designed to meet our clients’ needs at strategic points of entry into China.

Clients are assured of maximum capacity and flexibility with Titan’s groundbreaking fleet of double-hulled Floating Storage Units (FSUs) in Southeast Asia – the region’s largest offshore storage fleet.

The region’s leading oil logistics expert Established since 2002 and publicly listed on the Hong Kong Stock Exchange (Stock Code: HK01192), Titan is an independent, full-service integrated oil logistics solutions provider with offices in China, Hong Kong, Singapore and Malaysia to serve all your oil logistics needs throughout Asia Pacific.

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The Titan advantage

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Strategic onshore oil storage locations in China Our onshore terminals are right in the heart of China’s most industrialised regions, linked to the busy ports on its eastern coastline and connected to the vast hinterland by an expanding rail and road network. Our clients enjoy direct access to cities where energy demand is highest and growing exponentially.

Duty-free oil storage in bonded warehouses The bonded storage status of our onshore terminals and offshore FSUs means that clients can take advantage of our duty-free on-site blending, import, export, transshipment, loading and unloading services while enjoying maximum flexibility in timing and delivery volumes. Having met the stringent standards of Platts to serve as its designated delivery points, our FSUs are fully capable of catering to the needs of international oil companies. one of China’s largest onshore storage with deepwater berths By 2014, Titan’s combined onshore storage capacity will triple from the current 2.8 million cubic metres (m3) to an impressive 8.5 million m3. Our terminals have natural deepwater berths capable of accomodating vessels of up to 100,000 dwt and they are further enhanced to 300,000 dwt at the Fujian, Shanghai and Shandong terminals.

Unparalleled flexibility in transportation We manage a maritime fleet that provides our clients reliable, flexible and secure transportation services. Our fleet includes FSUs, coastal tankers, chemical tankers and bunker barge tankers, with a total capacity of 2.5 million dwt.

International standards of quality and management With a decade of experience and professional expertise garnered from our operations in Asia, especially Singapore, one of the world’s largest energy hubs, our clients have the assurance of a good safety and operation record and our ongoing commitment towards international best practices. world class safety and environmental track record Titan boasts an accident-free record in FSUs operation, and invests significantly in advanced systems and technologies at all our world-class onshore terminals, to minimise the potential for human error and impact on the environment.

We aim to provide the safest and most reliable logistics services for all our clients.

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Shandong Yantai Terminal • 2.33 million m3 of storage by 2014 • 6-10 jetties planned; berths for vessels up to 300,000 tons • 200 acres of land space • 2 kilometres of coastline • Currently stores 360,000 m3 and berths vessels up to 100,000 tons

Shanghai Yangshan Terminal • 2.37 milion m3 of storage by 2014 • 16 jetties planned; berths for vessels up to 300,000 tons • 215 acres of land space • 2 kilometres of coastline • Currently stores 1.067 million m3 and berths vessels up to 125,000 tons

Fujian Quanzhou Terminal • 2 million m3 of storage by 2014 • 7 jetties planned; berths for vessels up to 300,000 tons • 179 acres of land space • 1.2 kilometres of coastline • Currently stores 428,200 m3 and berths vessels up to 100,000 tons

Guangdong Nansha Terminal • 1.8 million m3 of storage capacity by 2014 • Total 21 jetties planned; berths for vessels up to 120,000 tons • 206 acres of land space • 1.7 kilometres of coastline • Currently stores 918,300 m3 and berths vessels up to 120,000 tons

Your partner in

D

China

eveloping advanced oil storage infrastructure in China since 2003, Titan enjoys a distinct first mover advantage – four prime oil storage locations in Guangdong’s Pearl River Delta, Fujian’s Meizhou Bay, Shanghai’s Yangtze River Delta and Shandong’s Bohai Bay. From the north down to the south, Titan offers clients a choice of storage facilities and one-stop access to a logistical network that covers all the ports and trading centres along China’s eastern coast and the economically thriving cities in the Pearl River Delta region.

In 2006, Titan created another platform for global and domestic oil players to tap into China's market. With official approval, it established the Huanan Petrochemical

Exchange in Guangzhou, the only physical fuel oil trading platform serving the south and east regions of China. The exchange is also the only platform recognised by the Shanghai Futures Exchange for spot trades in oil products. Shanghai Futures Exchange has also designated Titan’s storage terminals in Nansha and Yangshan as physical delivery points for its fuel oil futures contracts.

Titan is committed to provide global clients and domestic traders a Chinabased platform for integrated international sourcing and distribution. Our growing network in trading, storage and distribution offers in-depth knowledge and invaluable resources to help our clients gain a solid foothold as China liberalises its oil sector.

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Superior onshore storage infrastructure Built next to deepwater berths and connected to China’s vast road and rail system, our four China terminals are of immense strategic value to China’s national oil reserve bases and represent a planned total investment of

US$2.3 billion.

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Offering a combined capacity of more than 8.5 million m3 when fully completed, Titan’s China terminals will be among the largest and most important storage facilities in the region. Our China terminals will be able to store and blend oil, petrochemical and chemical products in state-of-the-art facilities spread over

800 acres of land including vast stretches of coastline, totaling

7.7 kilometres for berths that cater to a variety of tankers up to

300,000 dwt – a capacity that is unmatched anywhere in China.

This impressive scale gives us the flexibility to tailor the most efficient and cost-effective logistics solutions for our clients that include storage, blending, import, export and transshipment of petrochemical products as well as tax reconciliation and financing services. All our China terminals also provide electronic inventory supervision, and custodian warehouse services for banks. In addition, their bonded storage status provides our clients the advantage of duty-free storage and transshipment to other countries if their products are not sold domestically.

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The Guangdong Nansha Terminal sits by a natural deepwater harbour, 40 kilometres south of the provincial capital, Guangzhou. Its location places Titan’s storage facilities and logistics services at the heart of the Pearl River Delta, one of China’s most heavily industrialised economic zones where oil and petrochemicals consumption is among the country’s highest. It is close to Guangdong port, the entry point for more than half of all fuel oil imports, and within easy reach of ports in Hong Kong, Macau and Shenzhen.

The tanks in the Nansha terminal are 100% owned by Titan, while the berths are jointly held by Guangzhou Harbour Group, owning 30% and 70% respectively. Built in phases since 2006, the Nansha terminal is set in 206 acres of prime coastal land with a coastline of 1.7 kilometres. The terminal has a current capacity of 918,300 m3 and this capacity will eventually double to 1.8 million m3 by 2014. Designed to be the most advanced petrochemical storage facility in southern China, it is equipped with advanced control systems as well as pumps with loading/unloading rates as high as 8,000 m3 per hour. And two of its twenty-one jetties can berth vessels up to 120,000 dwt. When the construction of all three phases is completed, the Nansha terminal is expected to boast an annual throughput of up to 30 million tons.

Product Type

Current Storage Capacity (m3)

Current Tank Capacity (m3)

Fuel oil

590,000

10x5,000; 4x10,000; 10x20,000; 10x30,000;

Chemicals

125,300

18x850; 24x1,500; 23x2,000; 6x3,000; 2x5,000

Gasoline, diesel

120,000

12x10,000

Diesel oil, fuel oil

80,000

4x20,000

Diesel oil

3,000

3x1,000

At present, the terminal has several deepwater berths and is equipped with advanced laser docking systems to handle vessels of varying tonnage quickly, efficiently and safely. Situated within the Nansha Bonded Petrochemicals Logistics Zone, the Nansha terminal offers bonded import, export and transshipment services. The terminal is the designated physical delivery storage facility for the Shanghai Futures Exchange in southern China as well as the designated settlement point of the Huanan Petrochemical Exchange.

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The Fujian Quanzhou Terminal is centrally located in the natural deepwater port of Quanzhou, within the Quangang Petrochemical Park, an important base for the oil and petrochemicals industry in China. Many industries that depend on high volumes of chemicals and petrochemicals for production as well as oil refineries and chemical processing plants, including the facilities

of state-owned companies like Sinopec and CNOOC, lie within 20 kilometres of the Fujian terminal.

As such, the Fujian terminal plugs a vital gap in the oil infrastructure along China’s southeast coast, at the midpoint of China’s southern sea route. It provides a logistics link between

Product Type

Current Storage Capacity (m3)

Current Tank Capacity (m3)

Chemicals

89,200

12x850; 12x1,250; 6x2,000; 4x3,000; 8x5,000

Gasoline, diesel

120,000

6x20,000

Gasoline, diesel and chemicals

60,000

6x10,000

Fuel oil, crude oil, base oil

159,000

4x30,000; 6x6,500

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the energy-dependent economic zones of the Yangtze River Delta and the Pearl River Delta, and easy access to Kaoshiung port in Taiwan.

And, tapping on the vast rail network at our doorstep, we can help clients reach inland cities in Jiangxi, Hunan and Sichuan where energy needs are pressing.

The Fujian terminal is 100% owned by Titan.

Spread over 179 acres, the Fujian terminal is being built in three phases and will

offer 2 million m3 of storage capacity once completed. It will have 1.2 kilometres of coastline with seven jetties including one that can accommodate vessels up to 300,000 dwt.

The terminal already has advanced equipment and systems to ensure secure and efficient operations, including pumps with loading/ unloading rates of up to 6,000 m3 per hour, to help achieve an expected annual throughput of 8 million tons.

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Nantong 240km to Nantong

Wuxi

The Yangshan Shanghai Terminal

130km to Shanghai Waigaoqiao

Suzhou

Shanghai

Huzhou Jiaxing

35km to Luchao

Yangshan Storage Donghai Bridge

Hangzhou

Shaoxing

Ningbo

Zhoushan

Storage Tanks

Planned No. port of Products Completion is located within the vastCapacity Yangshan and (m3) Tanks Time terminal complex Phase thatI has been built onFuel Oil & 420,000 29 December 2008 Petroleum islands just south of Shanghai. Connected Poducts to the mainland viaPhase the Sea Bridge, theOil, Third Quarter 2010 II East 600,000 22 Fuel Jet Fuel Oil & Yangshan terminal sits at a vital juncture Petroleum Poducts of China’s trade and commerce, linking the Phase III 1,350,000 – Crude Oil, Third Quarter 2012 commerce routes of the Yangtze River Chemicals to & Petroleum China’s busy north-south shipping line. From Products here, Titan will be Total able to 2,370,000 provide logistic 51 (by 2010)links to many inland cities as well as meet demand Berths in the Yangtze River Delta, which has the Berthing Capacity (DWT) No. of Berths largest concentration of heavy manufacturing No. of Berths Completed 5,000 4 1 in China. The major services provided at 120,000 5 the Yangsha terminal are oil handling, Subtotal Total no. of berths planned to construct with maximum transshipment andberth bonded services as well as 16 capacity up to 300,000 DWT tank leasing.

Yangshan Terminal Yangshan Terminal is located in Shanghai Yangshan, China’s largest port, and is connected with the mainland by the East Sea Bridge.

Being centrally located in the waterway to Zhejiang and Jiangsu, and boasting natural deepwater access, the terminal is the excellent hub for distribution of oil and commodity chemicals in Eastern China.

Besides providing customers with liquid handling and storage services, the terminal also provides value-added services such as import / export / re-export, bonded

Titan owns 37% of the Yangshan terminal, while PetroChina owns 21% and the remaining 42% is jointly held by departments of the Shanghai Government. With the region’s demand for high quality oil and petrochemicals logistics and storage expected to grow exponentially, the Yangshan terminal will be Titan’s largest onshore terminal in China with a total capacity of 2.37 million m3 once phase three is completed. Spanning 215 acres, it will boast 2 kilometres of coastline with sixteen jetties including one that can berth vessels up to 300,000 dwt.

warehousing, blending, electronic inventory supervision, custodian warehouse service for banks.

Yangshan Terminal Phase II is currently in construction, which includes 600,000 m3 storage tanks for fuel oil, gas oil, gasoline and jet fuel. It is expected to be operational

by July 2010. Yangshan Terminal will be the largest independent terminal in China when it is fully built out to 2,370,000 m3 in 2011, with vessel accommodation up to 300,000 DWT and storage services for crude oil, oil products and chemicals.

Equipped with state-of-the-art technology, the terminal will boost the region’s oil infrastructure, as well as provide a valuable gateway for global energy traders, ultimately adding to Shanghai’s stature as a world-class international finance, trading and shipping hub.

Product Type

Current Storage Capacity (m3)

Current Tank Capacity (m3)

Fuel oil

410,000

3x50,000; 4x30,000; 3x20,000; 4x10,000; 8x5,000

Diesel oil

372,000

1x50,000; 15x20,000; 2x10,000; 2x1,000

Gasoline

60,000

1x20,000; 4x10,000

Aviation Kerosene

225,000

5x30,000; 3x20,000; 1x10,000; 1x5,000

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The Shandong Yantai Terminal is our newly established facility and it lies within the Yantai Economic and Technological Development Zone on Shandong Peninsula.

Located in Yantai’s Western Port Area, the Yantai terminal has direct access to an ice-free harbour that is naturally sheltered from extreme weather and not prone to sedimentation – one of very few in northern China and therefore a valuable link in Titan’s network.

Facing Liaodong Peninsula to the north, and Japan and Korea to the east, Yantai’s Western Port has a central geographical position with excellent sea and land transport links. It is an ideal transshipment hub and the most convenient port for trade with North Asian countries. It is also the sea portal for China’s crude oil pipeline from its economic hinterland.

In addition to state-owned oil companies such as PetroChina, Sinopec, CNOOC and Sinochem, there are a growing number of sizeable local

refineries and petrochemical enterprises in Shandong Province, representing unprecedented new growth opportunities for Titan.

Currently, the Yantai terminal is one of China’s national strategic oil reserve bases for crude oil, and we aim to become a delivery platform for China’s domestic and international oil exchange activities.

The tanks and berths in the Yantai terminal are equally held by Titan Group and Yantai Harbour Group. Operational since late 2010, the Yantai terminal occupies 200 acres including 2 kilometres of coastline, with a current maximum berthing of 100,000 dwt. As planned, four jetties for liquid chemicals as well as six to ten operating berths with a maximum draft of - 16.5 meters, capable of serving oil tankers of up to 300,000, will be built. Upon completion, the Yantai terminal will have 2.33 million m3 of storage capacity and will become one of the largest commercial transshipment and delivery facilities in Northeast Asia and the bay region of Bohai Bay.

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Dalian

Yantai Dongying

Yantai

Binzhou

Zibo Weifang Qingdao

Rizhao

Product Type

Current Storage Capacity (m3)

Current Tank Capacity (m3)

Fuel oil, crude oil

240,000

4x30,000; 6x20,000

Chemicals, fuel oil, crude oil

120,000

12x10,000

Weihai

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Flexibility at the centre of Asia’s energy markets

T

itan commands the largest offshore storage facility in Southeast Asia with a combined capacity of 2.3 million m3, via its fleet of specially modified Very Large Crude Carriers (VLCCs).

Titan is the first in Asia, and remains the only fleet to operate double-hulled FSUs that also feature deep drafts for VLCCs. Our offshore storage facilities are licensed bonded warehouses that provide 24/7 value-added services like heating, blending and transshipment according to our

clients’ specifications, rendering us a cost effective alternative to onshore storage, particularly for oil traders and bunkering companies that are active in the busy ports of Singapore and Malaysia.

Safety is paramount in our storage operations.

All our FSUs are CLASS approved, maintain valid SIRE reports and have consistently passed the safety inspections of our clients. We have won the confidence of international names like Platts, who have designated our FSUs as its physical delivery points for fuel oil in Singapore.

Complementing our offshore storage, Titan manages a modern maritime fleet of varying tonnage that can transport crude and oil products effectively and efficiently to all regional ports.

No

Ship Name FLOATING STORAGE

Our integrated storage and delivery solutions promise unparalleled flexibility for clients who have to act quickly in today's fast-changing and highly complex market conditions.

DWT (mt)

Class

Year Built

Flag

2,317,538

1

TITAN ARIES (Ex-EDINBURGH)

302,493

DNV

1993

Liberia

2

TITAN TULSHYAN

299,718

LR

1993

Panama

3

MAYFAIR

298,405

LR

1995

Marshall Island

4

TITAN VENUS (Ex-CAMDEN)

298,306

LR

1995

Marshall Island

5

TICEN OCEAN (Ex-FRONT LADY)

284,497

DNV

1991

Panama

6

TITAN ORION (Ex-FRONT DUKE)

284,480

DNV

1992

Panama

7

TITAN RUCHIRA

284,317

LR

1990

Panama

8

TITAN NEPTUNE

265,322

LR

1988

Panama

COASTAL TANKER

47,915

1

ALPHA PRESTIGE

8,421

DNV

1995

Panama

2

ALPHA POWER

8,339

DNV

1996

Panama

3

ALPHA PROSPERITY

8,248

DNV

1995

Panama

4

JURONG KRAPU

7,657

ABS

1996

Panama

5

LANTANA

7,625

ABS

1995

Panama

6

MAPLE (EX-MIMOSA)

7,625

ABS

1995

Panama

HARBOUR TANKER

41,890

1

TITAN UNITY

7,022

LR

2009

Singapore

2

TITAN VALOR

7,005

LR

2009

Singapore

3

TITAN BRAVE

7,000

LR

2008

Singapore

4

TITAN FAITH

6,981

LR

2008

Singapore

5

TITAN HONOUR

6,941

CCS

2007

Singapore

6

TITAN SPIRIT

6,941

CCS

2007

Singapore

CHEMICAL TANKER

36,178

1

CM MAYA

9,130

LR

2009

Singapore

2

TITAN VISION

9,016

LR

2010

Singapore

3

TITAN PEACE

9,016

LR

2010

Singapore

4

TITAN GLORY

9,016

LR

2010

Singapore

DNV

1996

Liberia

1

AFRAMAX TANKER

96,183

GENMAR AJAX

96,183

TOTAL DWT (mt)

2,539,704

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World-class management systems in Asia

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T

itan has a strong commitment to implementing international best practices and quality management systems, using the insights and expertise gleaned from our base in Singapore – one of the world’s top export refining centres and petrochemicals hub.

Our reputation for strict quality and quantity control, efficient ship handling and an excellent safety record has won the confidence of our international clients.

As our network expands in China, we have continued to invest in the right people and training as well as in advanced systems and technology to ensure the highest safety standards and minimal impact on the environment.

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Quality Systems • ISO-9001 Quality Control System • ISO-14001 Environment Management System • OHSAS-18001 Occupational Health and Safety Management System • International Standard of Vapor Emission Control • Chemical Distribution Institute – Terminal (CDI-T) Audit

Advanced Technology • SAP ERP Enterprise Resource Management System • SAAB Radar Level Gauge • Honeywell DCS Control System • Emerson Mess Flow Meters • Full Fire Fighting Team and Equipment

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Quanzhou Titan Maritime Institute With funding and support from Titan Oil Pte. Ltd, the majority shareholder of Titan Petrochemicals Group, a private tertiary institute has been established to nurture professional maritime talent and further develop China's oil related industries.

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O

pened in September 2008, the Quanzhou Maritime Institute is the first private institution of higher learning in Fujian, China to specialise in maritime education. It was set up with official approval from China’s maritime authority and Fujian’s provincial government as well as recognised by China’s Ministry of Education. Located in the city of Shishi, an area rich in maritime history and knowledge, the school is within easy reach of Quanzhou and Xiamen, Fujian’s two major port cities.

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The campus boasts modern classrooms, research laboratories, staff and student dormitories, simulator facilities as well as a specially built training dock.

An expanding range of professional courses in specialty areas are available, including marine technology, marine engineering, marine automation and electronics, international shipping management, container transport management and warehouse management. Enrolment is growing and is on target to reach full capacity at 5,000.

Titan’s vision is to develop a professional programme at Quanzhou Maritime Institute that is compliance with global maritime universities, as well as build training facilities that meet the highest standards of the International Maritime Organisation. To that end, it has signed a comprehensive agreement with Shanghai Maritime University, a renowned maritime university, to provide support in faculty and course development as well as teaching and management expertise.

The institute has the added advantage of being able to tap on Titan’s international network as well as expertise and insights from its maritime fleet management and logistics businesses. Through its activities, the Quanzhou Maritime Institute will further advance the development of the region’s maritime industries and help groom a new generation of high quality maritime management and technical personnel to meet the industry’s growing manpower needs.

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Contact Us Hong Kong

Singapore

Titan Petrochemicals Group Limited 4902 Sun Huang Kai Centre 30 Harbour Road, Wanchai, Hong Kong

Titan Petrochemicals Group Limited 8 Temasek Boulevard #29-02, Suntec Tower Three, Singapore Postal Code: 038988

Tel : (852) 2116 1388 Fax : (852) 3107 1899 Email : enquiry@petrotitan.com

Tel : (65) 6333 8888 Fax : (65) 6536 7666 Email : enquiry@petrotitan.com

China Guangzhou Nansha Titan Petrochemical Development Co., Ltd. Yuehai Road, Xiaohudao Petrochemical Park, Huangge Town, Nansha District, Guangzhou, Guangdong, China Postal Code: 511455

Yantai Titan Petrochemical Port Development Company Limited West Yantai Port, Yantai Economic and Technology Development Zone Yantai, Shandong, China Postal Code: 264006

Tel : (86) 20 3468 9488 Fax : (86) 20 3468 9458 Email : z_NS_CSD@petrotitan.com

Tel : (86) 535 650 6088 Fax : (86) 535 650 6099 Email : service@yt-titan.com

Fujian Titan Petrochemical Storage Development Co., Ltd. Shangxi Wharf Area, Quangang, Quanzhou, Fujian, China Postal Code: 362801

Titan Petrochemicals Group Ltd. (Beijing Office) GateWay, 8th Floor, E2, 18 XiaGuangLi, North Road East Third Ring, Chaoyang District, Beijing, China Postal Code: 100027

Tel : (86) 595 8797 9006 Fax : (86) 595 8799 2122 Email : service.fj@petrotitan.com Yangshan Shen Gang International Oil Logistics Co., Ltd. 16F, E.S.I.T. Plaza No.1877 Pudong South Road, Pudong New District, Shanghai, China Postal Code: 200122 Tel Fax

: (86) 21 6840 5110 : (86) 21 6840 5190

Tel Fax

: (86) 10 8446 3988 : (86) 10 8446 3928

Quanzhou Titan Maritime Institute Shishi Avenue, Xiangzhi Town, Shishi City, Fujian, China Postal Code: 362700 Tel : (86) 595 8898 3105 Fax : (86) 595 8898 3160 Website : http://www.qztmi.cn

www.petrotitan.com

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