A Mexican subsidiary of US oil and gas company Valero and Mexican mining and logistics firm Grupo México are to build a $20 million storage terminal in San Francisco de los Romo, Aguascalientes, which is in central Mexico.
Once complete, it 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.
The terminal will handle gasoline and diesel, and Grupo México and Valero México will build it in two stages through joint venture contracts. The terminal is expected to be completed by Q1 2022.
Carlos Garcia, CEO of Valero Mexico, said 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.”
For more information visit www.gmexico.com
