Home NewsPeninsulaBeach Communities New $60M USD fuel storage facility to open in Progreso next year

New $60M USD fuel storage facility to open in Progreso next year

by Yucatan Times
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The energy distribution company Hidrosur projects that by May 2018 it will be operating the first hydrocarbon logistics platform funded with private capital in the country…

MERIDA – Through an investment of $60 million USD, the Hidrosur Company will start operating in May 2018 in the port of Progreso the first hydrocarbon logistics platform in Mexico with private capital, which will have five tanks that will allow storage of 485 thousand barrels.

The director of the company, Eloy Montañez, explained that the project is developed on four hectares in the Progreso quay where the five tanks are built to store gasoline, diesel and airplane fuel that will be in service in the new terminal.

(Photo: El Financiero)

The project includes to have around each container a retention wall so that in case of any mishap that causes a spill, the fuel stays accumulated and does not reach the sea, thus avoiding ecological damage.

Eloy Montañez assured that the construction works will conclude in March 2018, according to the schedule, in order to put it into service in May.

The Operations Manager of the Integral Port Administration, Carlos Calderón Carrillo, explained that the commissioning of the hydrocarbons logistics platform of Yucatan will increase 30% the operations of hydrocarbon handling in the port, that is currently two million tons.

It is expected that in the medium and long term the volume will increase considerably, since it will be the first private terminal for the storage of hydrocarbons found in a Mexican port, as a result of the Energy Reform, he stressed.

Source: www.elfinanciero.com.mx

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