Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd., commonly abbreviated as CIMC SOE, operates as a global EPC (Engineering, Procurement, and Construction) entity, specializing in the design and fabrication of systems for the storage, transport of Liquified Gas, and solutions for gas carriers, cargo handling, and offshore modules within the oil and gas sector. Established in 2006 and later becoming a pivotal part of CIMC Enric (Ticker: 03899.HK) in August 2017, CIMC SOE is integrated into the CIMC group's 'Energy, Chemical Industry and Food Equipment Sector.'
Production BaseStrategically situated in Qidong City, Jiangsu Province, just in proximity to Shanghai, CIMC SOE's manufacturing hub benefits from its location within China's largest marine engineering and naval architecture cluster, availing itself of top-tier production and construction capabilities.
Technical Expertise and Market PresenceWith over a decade dedicated to the offshore oil & gas domain, CIMC SOE has carved out a niche in the design and manufacture of a range of equipment, including small to medium gas carriers, IMO C-type tanks, LNG fuel tanks, and offshore oil and gas modules. Recognized as the enterprise with the most comprehensive designs for IMO C-type tanks and as a leading manufacturer in the international sphere for small and medium-sized gas tankers, CIMC SOE prides itself on its innovative management and construction approaches. This commitment to innovation has facilitated the company's expansion into international markets and bolstered its global reputation.
Leadership in Gas Carrier ManufacturingAs a frontrunner in the manufacturing of small and mid-size gas carriers, CIMC SOE is committed to delivering solutions that are not only energy-efficient but also eco-friendly and technologically innovative. Its extensive product lineup encompasses fully-pressurized carriers, as well as semi-refrigerated and semi-pressurized carriers, incorporating LPG carriers, ethane carriers, and LEG & LNG carriers, among others. By the close of 2022, CIMC SOE's delivery record boasted nearly 40 vessels of varying capacities, securing a top position in global market share. Notably, the EcoStar 36K series' "Gas Chem Beluga," a top-tier 38,000-cubic liquid ethane/ethylene carrier, was distinguished as one of the "2017 Top Ten Global Boats" by the acclaimed “Maritime Report & Engineering News.”
Offshore Module Manufacturing PioneerCIMC SOE sets the benchmark in China's offshore module manufacturing, distinguished as the inaugural domestic supplier approved by TOTAL, the global oil titan. The company's impressive delivery track record includes over twenty different modules, such as regasification and FPSO upper modules, e-house, and deckhouse modules. Furthermore, CIMC SOE leads globally in the LNG regasification market share and has spearheaded significant domestic R&D initiatives under the aegis of the Ministry of Industry and Information and Technology.
Strategic Partnerships and Global ProjectsBy forging strategic alliances with renowned global entities, CIMC SOE enhances its capacity to offer more comprehensive and intricate solutions in offshore and energy module construction. A testament to its exceptional project management and module fabrication prowess is the successful completion of the "Belt and Road" initiative's first mega-project, the Sino-Russia Yamal LNG Piperack Project, in 2016.
Future Outlook and ObjectivesFollowing its integration into the CIMC Enric Group, CIMC SOE plays a crucial role in the natural gas equipment and service continuum of the CIMC Group. With the backing of the conglomerate, it is poised to more actively pursue the expansion of the integrated sea and land natural gas purification, liquefaction, storage, and transport value chain, thereby offering a broader spectrum of flexible, diversified products and services. Through the adoption of lean management and advanced manufacturing, CIMC SOE aspires to attain global leadership in the offshore industry, delivering holistic solutions inclusive of financing options to its worldwide clientele.
