Other Assets

The Company has invested in a joint venture that owns and operates a petrochemical terminal and storage facility in China.

Louis Dreyfus Zhong Ao Energy Terminal and Storage Facility

Louis Dreyfus Zhong Ao Energy is a jointly-owned oil and petrochemical import/export terminal and storage facility in Zhoushan City, Liuheng Island, off the coast of Shanghai, People’s Republic of China. The project consists of a 1.4 million barrel storage facility and deep water port with a 75-foot draft. CCI is a minority partner in the project providing commercial development expertise to the joint venture. The project has capacity for expansion of an additional 7.5 million barrels to store crude oil and petroleum products.

Delta-Energy Group

CCI , through one of its subsidiaries, has a controlling stake in Delta-Energy Group (“DEG”), a premier resource recovery company providing recycling solutions to the tire industry. DEG has developed a proven and patented process to recover carbon black and marketable oil liquid from used tires and is developing a commercial-scale plant in Natchez, Mississippi, with an estimated daily processing capacity of 100 tons of end of use tires. DEG’s commercial plant will recover carbon black and other basic materials for reuse in tire production and other rubber related manufacturing processes, as well as liquid solvents and fuels.

CCI completed the transaction in June 2017. DEG is owned in partnership with Bridgestone Americas and DEG's founders.

 

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