Savage Companies plans to significantly expand the capabilities of its new petroleum transload terminal in central Mexico in 2018.
Operations at the new facility, run by a subsidiary of Savage, will start in January 2018, with expansion plans expected later in the year. The facility, located near the city of Querétaro, is served by the Kansas City Southern (KCS) de Mexico railroad and provide access to strategic ports and US based refinery centres.
The facility will provide a location for transferring and storing refined petroleum products. It will initially serve manifest rail volumes, transferring products directly from railcars into trucks.
Savage plans to add tank storage and fixed facilities for high-speed rail unloading, product blending and truck loading. At full build out, the terminal will handle unit train volumes.
Kirk Aubry, Savage president and CEO, says: ‘We are excited to leverage our team’s experience operating transload facilities and rail operations to reduce the logistics costs of moving and managing refined petroleum products in Mexico.’
Patrick J. Ottensmeyer, KCS president and CEO, adds: ‘We believe this terminal will facilitate additional refined product exports from US Gulf Coast refineries in support of Mexico energy reform. Savage’s experience and commitment to excellence gives us the confidence that this new refined products terminal will provide additional market options in support of Mexico’s new energy infrastructure.’
A global storage hub networkOil price 'collapse' brings 2018 to a close A different energy system The economics of IMO 2020 Are energy companies prepared for a demand driven petrochemical market IFLEXX: standardised data communication in the downstream oil and gas sector Growing to meet Ghana's midstream needs Bridging Africa's infrastructure gap The storage outlook Safety at the touch of a button