Dongguan JOVO Natural Gas Storage Co., Ltd. is a subsidiary wholly-owned by Guangdong JOVO Group, which was established on Jan. 28th, 2008, with the registered capital of RMB 260 million. The company mainly engages in investing natural gas storage and transport projects and other chemical projects. By the end of 2009, the company had built 2 LNG low-temperature tanks with 800,000 cubic meters and 4 pressure spherical tank storage facilities with 3,000 cubic meters in JOVO Reservoir Area, Petrochemical Base, Lisha Island, Shatian Town, Dongguan. Two LNG tanks with 80,000 cubic meters being built are the largest low-temperature storage tanks double-wall steel structure in the country. The total investment of the project is nearly RMB 800 million, which is expected to be completed at the end of 2011