Avant Energy plans USD$200 million investment in Mexico petroleum terminals

Feb. 14, 2018
Avant Energy plans USD$200 million investment in Mexico petroleum terminals

Avant Energy announced it will build a network of storage terminals to supply refined petroleum products from the Port of Altamira, Tamaulipas to the Bajio region of North-Central Mexico. The network will be known as "SUPERA" (Suministro de Petroliferos Altamira–Bajio).

Avant Energy is a Mexican company focused on the development, construction, and operation of energy infrastructure for the oil, natural gas, refined products, and power sectors and is working on this development with US logistics group Savage Companies and rail operator Kansas City Southern de México as strategic partners.

The SUPERA network will provide an efficient logistics solution for companies to supply refined products from the USA to several cities in the Bajio region. Initially, the network will consist of a marine terminal and an inland terminal developed simultaneously and involving investment in the order of USD$200 million.

The marine terminal will be located in the Port of Altamira and will be capable of unloading Panamax size vessels and providing storage for up to 1.2 million barrels of refined products. The terminal will be operated by Savage and will facilitate rail access to the Bajio region via an interconnection with the existing KCSM railroad. Key port facilities and regulatory permits have been obtained.

The initial inland terminal will comprise a storage and dispatch facility in Queretaro with direct connection to the KCSM system. This terminal is being designed to receive unit trains with storage capacity of 450,000 barrels. Both the marine terminal and the inland storage facility are expected to commence construction during 3Q 2018, and start commercial operation before the end of 2019.

"We are proud to develop this unique infrastructure network that provides superior logistics solutions to connect the high growth Bajio region with the US Gulf Coast, the largest and most efficient market in the world for refined products," said Luis Farias, chief executive officer of Avant Energy. "The energy reform has allowed new players such as Avant Energy to participate in open markets, which will allow increased efficiencies to the supply chain and ultimately benefit the consumer." 

Kirk Aubry, Savage president and chief executive officer, added: "This network will open the door to more efficient supply and transportation of refined petroleum products from US refiners into Mexico's North-Central region, where it is needed. We're pleased to partner with Avant Energy and Kansas City Southern de México in this important project to help ensure safe, reliable and affordable service for our customers."