Mexican firm to invest 200 million dollars in energy infrastructure
Monterrey, Mexico, Feb. 7 (Notimex).- The Mexican company Avant Energy reported that it will invest some 200 million dollars in a network of terminals to supply refined petroleum products from the Port of Altamira, Tamaulipas, to the Bajío region.
In a statement, it indicated that the network, called Altamira-Bajío Oil Supply (Supera, for its acronym in Spanish), will initially have two terminals, one maritime and one terrestrial, which will be developed simultaneously and will allow imports of fuels from the United States.
It said that they are a Mexican company focused on the development, construction and operation of energy infrastructure for the oil, natural gas, refined products and electric power sectors.
It explained that in this development, Avant Energy has two strategic partners: the American logistics group Savage Companies (Savage) who will operate the terminals and the rail operator Kansas City Southern de México (KCSM).
It explained that the maritime terminal will have the capacity to unload Panamax-sized vessels and a storage capacity of 1.2 million barrels of refined products, for which it has the permission of the Energy Regulatory Commission (CRE).
It said Avant Energy has the rights to develop port infrastructure through a strategic agreement with Puertos Integrales del Sureste, a DPH Group company.
The terminal will have access to the Bajío region through the Kansas City Southern rail network (KCSM), it stated.
It mentioned that the first land terminal of Supera will be installed in Querétaro, will receive unit trains through the same KCSM network and will have a storage capacity of 450 thousand barrels.
The construction of both terminals will begin during the third quarter of 2018 and will start commercial operations before the end of 2019, it said.
Luis Farías, General Manager of Avant Energy, commented that "we are proud to present this infrastructure network that will have logistical superiority to connect the high growth region of the Bajío with the refined products market of the Gulf Coast of the United States, which is the most competitive market in the world."
He pointed out that "the energy reform has allowed new players such as Avant Energy to participate in the open market, which will generate greater efficiency in the supply chain and, ultimately, benefit the final consumer."
For his part, Kirk Aubry, president of Savage, stressed that "this network will open the door to a more efficient supply and transport of petroleum from the US refiners to the Central-North region of Mexico, where it is necessary."
"We are pleased to partner with Avant Energy and Kansas City Southern of Mexico in this important project to help ensure a safe, reliable and affordable service for our customers," he added.
In turn, the president of Kansas City Southern, Patrick J. Ottensmeyer, mentioned that "we are committed to support this important project that is aligned with our strategy to increase the volume, speed and value of the products we move."