Supply Chain News

IEnova’s fuel terminal in Veracruz to feature more capacity than originally planned
IEnova, a Sempra Energy subsidiary dedicated to the development of infrastructure for the Mexican energy sector, will begin to build a US$ 155 million storage facility for liquid fuels in the port of Veracruz in the coming weeks, national media reported. The company revealed it has increased the p...
Iberdrola signs US$ 400 million green loan to refinance three windfarms in Mexico
Spain-based utility company, Iberdrola, announced it has signed, through its subsidiary, Iberdola Mexico, the first green loan in the country by a Latin American country. This loan for US$ 400 million has a five-year term, which can be extended for another two years, and was signed with ten relation...
A group of farmers invest to build an ethanol plant in Tamaulipas
Tamaulipas-based company Bioenergeticos Mexicanos (Biomex) has been building an ethanol plant for a few months in the Valle Hermoso municipality, whose production will be sold to Pemex, its CEO, Benito Lopez Martinez, recently told in an interview to El Financiero paper. The plant, to be named Tama...
China Offshore Corporation begins deep water drilling in the Gulf of Mexico
The China Offshore Corporation will invest up to US$ 289 million in a 4 to 10-year period to explore block 1 of the deep waters "Lost Fold Belt" in the Gulf of Mexico, after the National Hydrocarbons Commission (CNH) authorized its plan of exploration that includes drilling a minimum of two and maxi...
Mexican-Canadian oil and gas joint venture begins exploratory drilling in Veracruz
International Frontier Resources Corporation (IFR), a Canadian publicly traded Oil & Gas company, announced that it has spudded its first evaluation well, TEC-10, at its onshore Tecolutla block in Veracruz, Mexico. Drilling work is conducted by Tonalli Energia, a joint venture created by Petrofr...

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