Avant Energy will spend $200 million to build a network of terminals to supply refined petroleum products from Tamaulipas to the Bajio region of north-central Mexico.
This network of terminals will be known as Supera, short for Suministro de Petroliferos Altamira–Bajio.
Avant Energy is working on this development with US logistics group Savage Companies and rail operator Kansas City Southern de Mexico.
The network will provide an efficient logistics solution for companies to supply refined products from the US to several cities in the Bajio region. It will initially consist of a marine terminal and an inland terminal developed simultaneously and involving an investment of $200 million.
The marine terminal will be located in the Port of Altamira and will be capable of unloading Panamax size vessels and providing storage for up to 1.2 million barrels of refined products. It will facilitate rail access to the Bajio region via an interconnection with the existing KCSM railroad.
The initial inland terminal will comprise a storage and dispatch facility in Queretaro with direct connection to the KCSM system. This terminal is being designed to receive unit trains with a storage capacity of 450,000 barrels.
Both the marine terminal and the inland storage facility are expected to commence construction during the third quarter of 2018, and start commercial operation before the end of 2019.
Luis Farias, CEO of Avant Energy, says: 'We are proud to develop this unique infrastructure network that provides superior logistics solutions to connect the high growth Bajio region with the US Gulf Coast, the largest and most efficient market in the world for refined products.
'The energy reform has allowed new players such as Avant Energy to participate in open markets, which will allow increased efficiencies to the supply chain and ultimately benefit the customer.'
Fujairah's newest storage terminalShifting LNG market dynamics The rise of the fake terminal Storage for a flourishing trading market Storage hubs: navigating unprecedented changes Middle East storage operators buck oil price trend Ensuring India's energy security Deploying automation logic to fuel management systems The future is smart Innovative techniques for tank storage inspection