Grupo TMM, S.A.B. and a Mexican maritime transportation and logistics company have 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 m, storage and distribution.
- An approximately 265 km 100 000 bpd 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 centres 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.
The project brings together leaders in their own fields, and with its attributes, positions our project as the premier choice for fuel importers.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.tanksterminals.com/storage-tanks/03082016/grupo-tmm-transcanada-and-sierra-oil-gas-announce-joint-project-3836/