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Tue 28 Jun 2011, 13:20 GMT

Blending plants completed in northern China


Fuel player says new facilities will enable it to reduce procurement and transportation costs.

Andatee China Marine Fuel Services Corporation, a leading producer, distributor, and retailer of marine fuel for small cargo and fishing vessels in China, has announced the completion of new blending facilities in Panjin City, Liaoning province, and Zibo City, Shandong province.

Construction of the Zibo City facility was completed on May 26th 2011, and the company believes that this new facility's close proximity to a network of refineries in Shandong province will help to reduce the cost of procuring raw materials and the cost of transportation incurred by shipping products to customers in Shidao City, Shandong province.

Construction of the Panjin City facility was completed on June 21st 2011, and is in close proximity to operations of Andatee's current major suppliers.

Commenting on the news, Mr. An Fengbin, Chairman, CEO, and President of Andatee China Marine Fuel Services Corporation, stated, "We are pleased to announce the completion of these two new blending facilities, both of which we expect will improve the company's production capabilities in blending and reduce the cost of transporting raw materials from our major suppliers. We continue to focus on improving all aspects of our operations and look forward to keeping investors apprised of our efforts."

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