Grupo México will invest $ 230 million in Nuevo León and Jalisco

Grupo México announced that it will invest 230 million dollars, in a first stage, in strengthening the country's energy security, through the construction of fuel storage infrastructure in Nuevo León and Jalisco, strategic areas for the national economy.

The company informed that with this investment the design and construction of two Fuel Storage Terminals will be executed, with the highest safety and quality standards, which will contribute to increasing the national inventory of gasoline and diesel in the West and North of the country.

According to Grupo México, in an initial phase, the capacity of the terminals will increase Jalisco's fuel inventory in 15 days and in seven days that of Nuevo León.

In addition, he stressed that the national inventory will increase by almost 50%, this is 1.1 days above the current one.

He informed that the terminals will be operational in 2021 and will generate 1,200 jobs during construction and operation.

STRATEGIC PLAN

Grupo México's investments in this sector are scheduled to continue through a strategic plan that would involve investments of up to US $ 1.2 billion for the development of new fuel storage terminals in various locations in Mexico.

"Rail transport and storage infrastructure are fundamental parts of the supply chain of energy products in Mexico and contribute to guarantee the supply of consumption centers in an efficient, safe, competitive and constant manner," said Grupo México.

The project includes the transfer of fuel by rail, from the main ports and borders, to the terminals in Monterrey, Nuevo León and Guadalajara, Jalisco, whose total capacity will be occupied by Valero Marketing and Supply de México, indirect subsidiary of Valero Energy Corporation ( Valero), world-class refining company.

Valero said these terminals will support its strategy of expanding its product supply chain to high-growth markets.

"According to the long-term terminal service agreements, the two terminals are designed to provide Valero with the ability to receive refined products through unit trains and truck loading facilities to serve regional and local markets," he concluded.