Mexico: Avant Energy to build two fuel terminals with $200mn

Mexico’s Avant Energy has announced a $200 million investment to build two refined petroleum terminals in the country to bring U.S. fuel supply.

Avant Energy will build a network of 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 (KCSM) 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 an investment in the order of USD$200 million.

"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,” said Luis Farias, CEO of Avant Energy.

Both the marine terminal and the inland storage facility are expected to commence construction during the third quarter of 2018, and start commercial operation before the end of 2019.