Yángpǔ Economic Development Zone () is an area of the

Yangpu Peninsula The Yangpu Peninsula () is a peninsula located in Danzhou, on the northwestern coast of Hainan Province, China. It has a coastline containing many natural harbors. An expressway connects the peninsula to Haikou, the capital of the province, whic ...

Hainan Hainan (, ; ) is the smallest and southernmost province of the People's Republic of China (PRC), consisting of various islands in the South China Sea. , the largest and most populous island in China,The island of Taiwan, which is slightly l ...

province, China. This zone, covering , p 67 contains a port,

oil refinery An oil refinery or petroleum refinery is an industrial process plant where petroleum (crude oil) is transformed and refined into useful products such as gasoline (petrol), diesel fuel, asphalt base, fuel oils, heating oil, kerosene, liq ...

, petroleum commercial reserve base,

power station A power station, also referred to as a power plant and sometimes generating station or generating plant, is an industrial facility for the generation of electric power. Power stations are generally connected to an electrical grid. Many ...

, and the town of Yangpu. The area, Hainan's largest economic zone, is located on the northwestern coast of the island, about west of

Haikou Haikou (; ), also spelled as Hoikow is the capital and most populous city of the Chinese province of Hainan. Haikou city is situated on the northern coast of Hainan, by the mouth of the Nandu River. The northern part of the city is on the ...

, the provincial capital. It is the first development zone approved for lease to foreign investors by the Chinese government.

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. In August 1992, the land of the 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 outside the zone has been designated for future development. In September 1993, the customs area was enclosed an operations commenced.

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. The

Sinopec China Petroleum & Chemical Corporation (中国石油化工股份有限公司) or Sinopec (), is a Chinese oil and gas enterprise based in Beijing. It is listed in Hong Kong and also trades in Shanghai. Sinopec Limited's parent, 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 Guangdong (, ), alternatively romanized as Canton or Kwangtung, is a coastal province in South China on the north shore of the South China Sea. The capital of the province is Guangzhou. With a population of 126.01 million (as of 2020 ...

province, or exported to

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...

. The refinery has an LPG storage capacity of approximately 30,000 cubic meters. 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

External links

Commercial development websiteGovernment website
{{Authority control Populated places in Hainan Special Economic Zones of China 1992 establishments in China