Companies announce joint Mexico refined products storage, transportation, distribution project

Aug. 3, 2016

Grupo TMM, a Mexican maritime transportation and logistics company, announced that in conjunction with TransCanada and Sierra Oil & Gas, they are proposing to jointly develop storage and transportation infrastructure to serve the growing demand for refined products such as gasoline, diesel, and jet fuel in the central region of Mexico.

The proposed US$800 million project would be the largest single investment in refined products since the establishment of the Mexico energy reform. The project includes:

A marine terminal in Tuxpan, Veracruz, for offloading vessels with a draft of 14 meters, storage, and distribution.

An approximately 265 kilometer 100,000 barrels per day refined products pipeline parallel to TransCanada's recently awarded Tuxpan-Tula natural gas pipeline project.

An inland distribution hub in central Mexico will provide excellent connectivity to the majority of the Mexico Valley market with access to major highways and distribution centers in the country.

The Tuxpan-Central Mexico corridor is the ideal route to efficiently supply refined products in the region making this project a significant contribution to the existing refined products distribution chain in Mexico.