The incident has left nine others injured.
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"Nine others were injured after a liquefied gas tanker exploded around 1 a.m. Monday, causing the fire in the loading area of Linyi Jinyu Petrochemical Company, in the city's Lingang Economic Development Area," Xinhua News agency of China reported.
The owner of the company has been reportedly detained.
900 firefighters and over 170 fire engines are attempting to bring the fire under control, media reports said.
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