Mexican mining and logistics firm Grupo México and a Mexican subsidiary of US oil and gas company Valero are to build a US$20 million (€16.6 million) storage terminal in San Francisco de los Romo, Aguascalientes, in central Mexico.
The terminal will handle gasoline and diesel, and once complete, will have a capacity of 140,000 bbl, and will be able to receive and dispatch loads by railway and road, allowing Valero to serve local and regional markets. Grupo México and Valero México will build the terminal in two stages through joint venture contracts. The terminal is expected to be completed by Q1 2022.
Carlos Garcia, CEO of Valero Mexico, says that the terminal will allow Valero to contribute to Mexico’s energy security by expanding the supply chain in the central region of the country, benefitting consumers.
‘The Aguascalientes terminal, along with two other storage terminals of Grupo México that are about to start construction this year, in Monterrey and Guadalajara, as well as others more under development, strengthen the infrastructure logistics of the country and endorse the company’s commitment to the development and energy security, says Grupo México Infraestructura.
The project was announced in a virtual press conference held by the governor of the state of Aguascalientes, Martín Orozco Sandoval. He said that the state’s infrastructure, competitive costs, geographic location, road and rail infrastructure, and human resources were the main factors in Grupo México and Valero México’s decision to build the terminal in Aguascalientes.