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HONG KONG, Dec 19, 2013 - (ACN Newswire) - NewOcean Energy Holdings Limited ("NewOcean Energy" or the "Group"; stock code: 00342), a leading liquefied petroleum gas ("LPG") operator in the South China region, has officially started off its distribution of the bottled LPG in Hong Kong under the name of Rise Smart Industrial Co. Ltd., a wholly owned subsidiary of NewOcean Energy.
 | | NewOcean Energy Officially Commences the Operation of |
In respect of the transit warehouse in Tuen Mun (the "Terminal"), Building Department confirmed the satisfactory completion of the construction on 5 Dec. 2013 following which the Operation Permit for the Terminal (by related regulation definition, a Notifiable Gas Instrument) was granted by the EMSD on 6 Dec. 2013.
At around 8:00pm on 6 Dec. 2013, the first batch of LPG filled bottles was transported through Huanggang Port (i.e. the port of entry at the border between Shenzhen and Hong Kong) by NewOceans own cross border bottle wagon. The first importation was considered completed successfully in the capacity of a Registered Gas Supply Company.
NewOcean Energy becomes the first entity that is able to make use of its LPG sea terminal in Zhuhai and Very Large Gas Carrier ("VLGC")to import high quality LPG from the gas field in the Middle East, and re-export the LPG in bottles for distribution in Hong Kong (the whole process is under bonded warehouse operation).
Topic: Press release summary
Source: NewOcean Energy Holdings Limited
Sectors: Daily Finance, Energy, Alternatives, Daily News
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