With CNOOC Binhai LNG Shipping and Trading Company and Haibin Petrochemical Co., Ltd. as carriers, the Group mainly carries out LNG transport, investment in terminal projects and bulk LNG trading. Relying on CNOOC Binhai LNG Receiving Terminal, it extends the natural gas industry and arranges cold energy utilization projects in Binhai Port, Jiangsu. The company's existing sales channels are capable of selling 4 million tons of LNG a year.
Haibin Group cooperates with CNOOC and the local government and established a project in Binhai Port, Yancheng. The project relies on the CNOOC Binhai National Strategic Receiving Terminal Project receiving 20 million tons of LNG per year, distributes 3 million tons of LNG a year in liquid form, and operates and manages 1,500 LNG tankers.
The CNOOC Binhai Port Cold Energy Development Project relies on CNOOC Binhai National Strategic Receiving Terminal and is built by Jiangsu Binhai Investment Group in cooperation with CNOOC Energy Development Co., Ltd. and the local government. The project mainly consists of air separation and cold storage. The annual capacity of the air separation project for cold energy utilization in the first phase is up to 100,000 tons of oxygen, and the capacity of the cold storage for cold energy utilization in the second phase is 400,000 tons.