Valero and Grupo México invest 20 million dollars in Aguascalientes

A new investment arrives in the state of Aguascalientes. Grupo México  and Valero Marketing and Supply de México (a subsidiary controlled by Valero Energy Corporation)  announced the construction of the new hydrocarbon storage terminal in the municipality of San Francisco de los Romo.

The investment amounts to 20 million dollars and will benefit the fuel supply throughout the region . The gasoline and diesel terminal will have a railway reception and dispatch by tank trucks. 450 new jobs are expected to be created. 

Carlos García, CEO of Valero Mexico, assured that the terminal will allow to continue contributing to the country's energy security.

“We will increase the storage capacity to receive refined products and expand the supply chain in the central region of the country. We are convinced that this project contributes to the energy strength and the solidity of the national economy, for the benefit of consumers ”, he said.

Meanwhile, Martín Orozco Sandoval, governor of the state, explained that the main factors for Grupo México and Valero to decide to invest in Aguascalientes were its infrastructure, competitive costs, geographical location, road and rail infrastructure, as well as specialized human resources. 

The Aguascalientes terminal, along with two other Grupo México storage terminals that are about to start construction in 2021 in Monterrey and Guadalajara, as well as others still under development, strengthen the country's logistics infrastructure.

In accordance with the long-term service contracts, the terminal will be completed in the first quarter of 2022 and has been designed so that Valero has the capacity to receive refined products, through unit trains and truck loading facilities, in order to serve local and regional markets.