On November 8th, Yantai Port held the signing and foundation laying ceremony of the Yantai Port chemical fertilizer logistics project in Xigang District. The start of the project marked that Yantai Port has established the largest fertilizer import and export trade and logistics platform in northern China, and it has entered the substantive stage with the giants in the field of global chemical fertilizer production and marketing to establish the FOB Yantai price index for chemical fertilizer logistics.
Yantai Port Fertilizer Logistics Project was jointly invested and established by Yantai Port Group, Yunan Company, Zhongnong Group Holding Company, China Ocean Petrochemical Company, and Yantai Jiahe Agricultural Information Company. The total investment of the project is 350 million yuan and the registered capital is 122.5 million yuan. The project is located in the West Port area of ​​Yantai Port, with a designed capacity of 3 million tons/year and a fertilizer efficiency of 1200-1500 tons/hour. The construction period is expected to be 14 months.
It is reported that Yantai Port is an important hub on the mainland of China. Both port throughput and container throughput rank 11th in China's coastal ports. In 2010, it is expected to complete a throughput of 150 million tons, a year-on-year increase of 22%. Since 1978, Yantai Port has been the first to carry out bulk chemical fertilization in China's coastal ports. Its import volume ranks in the forefront of the nation's coastal ports for more than 20 consecutive years. Its customer base covers the north of the Yangtze River and reaches as far as Xinjiang and Yunnan. Relying on high-quality, high-efficiency and convenient services, “Yantai Port's hardcover fertilizer†has become a quality brand reeling from the north to the south of the Yangtze River. Yantai Port has compiled the Port Quality Requirements for Chemical Fertilizer Handling as a local standard for service industries in Shandong Province.
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