Movement of energy grows 156% for KCS in Mexico

Movement of energy grows 156% for KCS in Mexico

Warning: foreach() argument must be of type array|object, bool given in /home/mexiconow/public_html/sites/mexiconow/wp-content/themes/mexiconowwpnew/single.php on line 253

MEXICO — The movement of energy in Mexico by Kansas City Southern (KCS) closed upwards in 2018, after it accumulated a movement of 45,632 tank cars, a growth of 156% in proportion to the 17,800 accumulated in 2017. This generated that this segment contributed US$99 million of income for the railway company, 120% more than US$45 million of the previous year.

It is worth noting that KCS expects both volume and revenues from this segment to continue  growing, due to the construction of new storage and transfer terminals in Mexico, such as the Jefferson Energy Companies (Beaumont) and Howard Energy Partners (Corpus Christi), which will have access to the KCSM network; Bulkmatic (Salinas Victoria), which will have a capacity of 420,000 barrels of storage and is under construction, awaiting its start of operation in the 3rd quarter of 2019; the terminal of TCM (San Luis Potosí), with capacity to store 300,000 barrels, which is expected to start operations in the following months.

Besides the station of Natural Gas of the Northwest - previously SIMSA / HEP (San José Iturbide), with capacity for 510,000 barrels of storage completed, and that will add 185,000 additional barrels programmed for the 4th quarter of 2019; the network of SUPERA Avant Energy / Savage Network (Altamira / Querétaro); whose construction will begin in the first quarter of 2019 and plans to store 1.2 million barrels in Altamira, while in Querétaro the capacity will be 450,000 barrels of storage.

Source: t21