Monterra Energy Updates Its Progress on Its “Monterra del Centro” Pipeline Project 

Monterra Energy (“Monterra”) today provided an update on its plans to build a new refined products pipeline system, consisting of four independent assets: (i) a port facility to receive product, (ii) a 1,200,000 barrel marine receiving terminal at Tuxpan, Veracruz, (iii) a 270 km pipeline into central Mexico, and (iv) a 600,000 barrel offloading terminal near Tula, Hidalgo, all with state of the art measurement, SCADA and leak detection technology.Monterra is pleased to announce that it has secured preferred, priority, 24/7/365 access to an existing 200 meter dock along the Pantepec River. The dock possesses an existing liquids hydrocarbon permit, making Monterra the only private company at present to control a facility with an existing permit at Tuxpan. The sheltered location along the river provides a strategic advantage to Monterra’s clients due to the possibility of significant and frequent weather delays at the current open water import locations in the Gulf of Mexico.“With exclusive access to over 30 hectares of land at Tuxpan, a port facility with a hydrocarbon liquids permit, land near Tula, and 270 kilometers of pipeline right of way in-place, we are well positioned to develop the first private refined products pipeline made possible by the Mexican government’s energy reform,” said Monterra CEO Arturo Vivar.

Source: Monterra Energy Updates Its Progress on Its “Monterra del Centro” Pipeline Project | Business Wire

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