Sempra Energy has announced that its Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), has been awarded a 20-year contract by the Topolobampo Port Administration in Mexico to build and operate a receipt, storage and send-out liquid fuels marine terminal in the state of Sinaloa.
With a projected investment of approximately US$150 million, the first phase of the new liquid fuels terminal will have a storage capacity of 1 million bbls of fuel, including gasoline and diesel. Operations are expected to commence in 4Q20.
"The Topolobampo project will facilitate access to additional international fuel supplies and help meet growing demand in Mexico," said Joseph A. Householder, President and Chief Operating Officer of Sempra Energy. "IEnova's success in developing new energy infrastructure is contributing to Mexico's economic growth, creating jobs and diversifying energy supply while benefitting millions of Mexican energy consumers."
IEnova will be responsible for the development of the liquid fuels terminal project, including financing; obtaining customer contracts and permits; engineering, procurement and construction; as well as maintenance and operations.
IEnova has achieved significant commercial progress with potential customers and intends to contract for 100% of the terminal's capacity. Future phases of the liquid fuels terminal could include additional fuel storage capacity and storage of petrochemicals.
Read the article online at: https://www.tanksterminals.com/storage-tanks/10072018/ienova-wins-terminal-contract/