PLAYING THE BORDER GAME

Anthony Catachanas explains why a sustainability fund bought two storage terminals in the US for the cross-border market in Mexico In May 2021, Victory Hill Global Sustainable Energy Opportunities (GSEO), bought two operating storage terminals in Brownsville, Texas, US, for US$61 million (€52 million). The terminals store high-sulphur, more polluting fuels from Mexican refineries, from where they can be transported to modern, efficient refineries in the US, for further refining into low-sulphur, less polluting fuels, such as ultra-low sulphur diesel (USLD), compliant with US and European standards. GSEO’s new terminals then act as a distribution point to ship these cleaner fuels back to Mexico. Keen to find out why a sustainability-focussed investment company would buy petroleum terminals, Tank Storage Magazine spoke to Anthony Catachanas ,the CEO of Victory Hill Capital Advisors (Victory Hill), GSEO’s investment advisor.   A SUSTAINABILITY FUND IS NOT A RENEWABLES FUND ‘We are a sustainability fund. What sustainability doesn’t mean necessarily is that we’re going to be doing renewables only,’ says Catachanas. ‘Renewables means predominantly power...