Growing Storage Facilities Along the Value ChainTue, 01/21/2020 - 20:25
Q: What have been the main developments in the Acolman terminal project and what will be its impact?
A: Our terminal in Acolman, State of Mexico, which we are building together with CLH, will be online in 2020. The terminal’s entire capacity will be taken by Repsol and PEMEX for the entire 12 years of its first stage, totaling some 600,000 barrels. Around 4 percent of the national demand will move through it. All the financing is already in place, with Banorte joining us. Hydrocarbon Storage Terminal and CLH hope to announce further projects in Mexico this coming year. The first phase will start operations in May or June 2020.
Q: What technologies will the terminal implement to attain enhanced efficiency and operation?
A: Potentially, the terminal could be fully automated to imitate Madrid’s 7-million-barrel terminal that ships to the airport and other locations. Drivers of oil trucks can do everything themselves – they do not need help from employees. There are many safety checks to ensure the smooth and safe passage of the oil.
Q: As one of your clients, what does PEMEX think about your new use of technology?
A: PEMEX has not shown a great deal of interest in the potential of our technology. For example, all terminals have problems with evaporation, which results in a loss of product. PEMEX has a maximum loss of 0.3 percent but using our technology, a vapor recovery unit, those losses can be reduced to between 0.10 and 0.15 percent. PEMEX decided against the investment this would require, but we invested several million dollars more for the technology because we want to make a perfect installation.