Koch, supported by Vopak, brings first imports of ultra-low sulfur diesel to Mexico
VERACRUZ, Mexico — 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 Koch’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 has obtained the first regulatory authorization for an independent party to store and handle petroleum liquids.
This cargo, which meets or exceeds all Mexican-regulated quality and environmental standards, 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 wide-ranging 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.
All applicable federal, regional and local permits have been secured by Koch and Vopak. Terms of the deal have not been disclosed.
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