Spanish oil transportation and storage operator CLH plans to acquire 60% of Mexican company HST. Following the acquisition, CLH intends to construct and operate a new facility for the storage of oil products located in the metropolitan area of the Valle de México.
The new facility will launch its operations in 2020 with a capacity of almost 100,000 m3 and is strategically positioned with excellent connections to the oil pipeline system, railways and motorways in one of the areas with the highest level of consumption of oil products in all of Mexico.
The President of the CLH Group, José Luis López de Silanes, says: 'This operation constitutes a new step forward in the company’s process of internationalisation and one which enables us to continue to move forward in the American continent, following the contract secured last year in Panama for the supply of fuel to five airports in that country.'
CLH's CEO, Jorge Lanza, adds that the 'highly complementary nature of the skills shared by CLH and HST, combining the international experience that CLH has in operating pipelines and storage terminals in Europe – involving almost 10 million m3 – together with the important preparation that the HST team can contribute to the development of projects in Mexico.'
With this new project, the CLH Group launches its fifth international operation, following the projects that are already underway in the UK, Ireland, Oman and Panama. The emerging opportunities for the development of infrastructure in Mexico are strengthened by the liberalisation process of the energy sector and the growing level of consumption that the country is experiencing.
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