Koch Ships First Ultra-Low Sulfur Diesel to Mexico

Image Courtesy: Business Wire

Koch Supply & Trading Mexico is importing its first cargo of ultra-low sulfur diesel (ULSD) into Mexico through the Port of Veracruz.

The product was supplied via the company’s US export system and will be delivered through a multi-year services agreement with the newly revamped Veracruz facility owned and operated by Vopak Mexico, who obtained the first regulatory authorization for an independent party to store and handle petroleum liquids.

Koch said that the cargo will be the first waterborne delivery of motor vehicle fuel by a private party since the Mexican petroleum industry was nationalized in 1938.

Under the country’s energy reform which began in 2013, independent companies can provide new alternatives for fuel supplies. By utilizing an existing facility that has been retrofitted, Koch Mexico can deliver imports significantly earlier versus other terminals which have yet to be permitted and constructed.

“This is an important new supply route to Mexico for transportation fuels produced by US refineries such as Koch Mexico’s affiliate, Flint Hills Resources, which operates a 300,000 barrel per day facility in Corpus Christi, Texas,” Pete Ramirez, vice president of Koch Mexico, said, adding that the company plans to import up to 40,000 barrels (6.4 million liters) per day of these products into Veracruz.

Koch and Vopak secured all applicable federal, regional and local permits. The parties have not disclosed the terms of the deal.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2018 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

BlueWeek2018

The BlueWeek2018 will be held on 28-29-30 May in Rotterdam, under the auspices of the Blue Forum…

read more >

Posidonia 2018

Posidonia, the international shipping exhibition, has long been established as one of the major calendar events…

read more >