July 12, 2018 [Tank News International] - Infraestructura Energética Nova (IEnova), the Mexican subsidiary of Sempra Energy, 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 $150m, the first phase of the new liquid fuels terminal will have a storage capacity of 1 million barrels of fuel, including gasoline and diesel. Operations are expected to commence in the fourth quarter of 2020.
“The Topolobampo project will facilitate access to additional international fuel supplies and help meet growing demand in Mexico,” said Joseph Householder, President and Chief Operating Officer of Sempra Energy.
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.
Carlos Ruiz Sacristán, Chairman and Chief Executive Officer of IEnova, said that this new terminal will increase Sinaloa’s access to fuel supply sources, contribute to the region’s energy security, and foster competitive prices for the end consumer.
“This project demonstrates IEnova´s commitment to the development of strategic and necessary energy infrastructure in Mexico. It represents our fifth terminal of this kind in the country, and it is part of the strategic plan to diversify our asset portfolio that we have undertaken in the past few years,” he added.
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.
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