Watco Companies will build and operate a new public, unit train liquid fuels terminal and general cargo facility in San Luis Potosi, Mexico.
The terminal will be strategically located on Kansas City Southern De Mexico's main line in San Luis Potosi and will have the capability to unload (1) unit train per day in phase 1. Watco has reached an agreement to design build and operate the facility with WTC Industrial.
The terminal will receive a variety of commodities and handle and receive unit trains to serve the central region of Mexico under a free trade zone.
Jorge Wade, director of the terminal for WTC Industrial says: 'Logistics are key and whoever is able to get the products in the most cost efficient way, will have an advantage on the market, especially on the refined products that will play a big role in Mexico now that the energy reform has taken place.'
Operations are scheduled to commence the later part of the fourth quarter 2016 or early 2017. Phase 1 will include 300,000 barrels of tank capacity, unit train unloading tracks and truck loading spots sufficient to truck 70,000 barrels per day.
Leveraging storage market opportunitiesIranian oil production trajectory faces key deadline in May Growing a storage concept The future of oil demand in a decarbonised society NOCs unite amid winds of change Middle Eastern oil & gas growth on the horizon Middle East 'big oil' to boost global petrochemicals footprint Two stage vapour control systems for ultra-low VOCs emission Leak measurement system allows better operator decision-making Water jet cutting technique saved refinery time & money