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Terminal Quimica Puerto México (TQPM) announce new project

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Molly Cooper

Journalist at Tank Storage Magazine.

GraphicTerminal Quimica Puerto México has announced the conclusion of a project finance operation with a consortium of six institutions for $408 million (€381 million) and a $32 million (€29 million) L/C. This will contribute together with its shareholder’s equity for the complete funding of its cryogenic ethane terminal in Coatzacoalcos Mexico.

‘With that, TQPM construction which is at 48% can keep its pace and conclude the project by the end of 2024,’ says Cleantho Leite Filho, CEO Terminal Química Puerto México.

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