HOUSTON--(BUSINESS WIRE)--USD Group LLC (“USDG”), through its subsidiary Querétaro Energy Terminal (“QET”), has commenced construction activities on a multi-modal transloading terminal to enhance petroleum product distribution capabilities in Querétaro and surrounding areas. The greater Querétaro market includes over one million residents and is located less than 150 miles from Mexico City.
“Our investment in QET provides an attractive opportunity to establish a presence in the growing Mexican market while leveraging our logistics expertise in support of an existing and profitable business,” said Steve Magness, USDG’s Vice President, Business Development. “We believe rail will provide timely, flexible and sustainable distribution capabilities necessary to improve access to energy supplies that will help fuel Mexico’s economic growth.”
QET development activities are underpinned by a multi-year take-or-pay contract with an established operator in the area. Additionally, USDG is actively marketing additional capacity that will be available upon the commencement of operations, which is currently planned for the first quarter of 2018.
QET will be serviced by the Kansas City Southern de Mexico railroad with access to all North American Class 1 railroads.
About USD Group LLC
USDG and its affiliates are engaged in designing, developing, owning and managing large-scale multi-modal logistics centers and energy-related infrastructure across North America. USDG solutions create flexible market access for customers in significant growth areas and key demand centers, including Western Canada, the U.S. Gulf Coast and Mexico. Among other projects, USDG is currently pursuing the development of a premier energy logistics terminal on the Houston Ship Channel with substantial tank storage capacity, multiple docks (including barge and deepwater), inbound and outbound pipeline connectivity, as well as a rail terminal with unit train capabilities. For additional information, please visit texasdeepwater.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including statements with respect to the timing of completion of construction of the QET transloading terminal, the ability of the QET transloading terminal to be sustainable and profitable, and the ability of USDG to market additional capacity at the terminal. Words and phrases such as “is expected,” “is planned,” “believes,” “projects,” and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relating to USDG are based on management’s expectations, estimates and projections about USDG, its interests and the energy industry in general on the date this press release was issued. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include construction and cost-related risks; risks associated with constructing and operating a terminal in a non-United States jurisdiction; changes in general economic conditions; the effects of competition, in particular, by pipelines and other terminalling facilities; the supply of, and demand for, rail terminalling services for crude oil, refined products and biofuels; hazards and operating risks that may not be covered fully by insurance; disruptions due to equipment interruption or failure at the QET terminal or third-party facilities on which our business is dependent; natural disasters, weather-related delays, casualty losses and other matters beyond our control; and changes in laws or regulations to which we are subject, including compliance with environmental and operational safety regulations, that may increase our costs. USDG is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
