Trading Sector
    Guangzhou Twinace majors in the importing, wholesale and retailing of fuel oil business while gradually establishing a complete petrochemical operational network in the domestic petrochemical market.

    Guangzhou Twinace has built up its good credibility with the relevant government authorities and local/foreign customers resulting in their long-term co-operation. Many local banks have identified Guangzhou Twinace with the credit rating of ‘Grade A Corporation’ and ‘Golden Customer’ while the Guangzhou Customs Bureau grades the company as a ‘Grade A Import/Export Corporation’. The Municipal Party Committee and the Municipal Government of Guangzhou City have repeatedly regarded the company as an advanced private corporation. With strong credit support from local banks and foreign counterparties, Twinace is able to strengthen the base of its fuel oil business and expand its oil products business.

Storage Facilities
     Guangzhou Twinace has fully utilized the storage capacity of several oil storage tanks owned by its strategic partners. Their favorable geographical locations and well-established port and storage facilities have facilitated the company’s fuel oil marketing channel; enhanced its sales capability in the domestic product oil market, as well as successfully developed the bonded fuel oil business and import co-operation business ventures.

    In view of the swift business development and pressing demands, the company has started its long-term lease of product oil storage tanks in the region of tens of thousands of cubic meters at Panyu, Dongguan, etc, since 1998. These tanks are flexible in their usage for storage and transfer transportation operations according to business needs.

    In order to evolve into a comprehensive petrochemical corporation nationwide, Guangzhou Twinace began to actively search for appropriate partners and large-scale petrochemical wharfs and oil storage tanks at geographically favourable locations to expand its business scope in Eastern China since 2002. In 2003, the company initiated its first move in the northern market by renting a total of 210,000 cu.m. petrochemical storage tanks in Huangdao in view of the huge potential in Qingdao market. The company rented another two petrochemical wharfs with capacities of 50,000 tons and 230,000 tons respectively from Nantong Power Shell Logistics Limited for logistics/sales purpose. The company is actively planning with the Dongguan partner for the joint project at Li Sha Island and this will enhance its logistics network in Guangdong and trading options. The company’s business will ensure more flexibility with more leasing of petrochemical storages facilities at all locations.