September 1, 2019 – Fort Worth, Texas.
Miller Infrastructure Group (MIG) commits resources for the development of Istmo Energy’s crude processing and export terminal in the heart of the Delaware Basin.
MIG, an infrastructure investment firm who owns and operates midstream assets in Mexico, committed seed capital for the development of Istmo Energy’s Pecos crude processing and export terminal (Pecos Refinery), eyeing the arbitrage opportunities that exist in Mexico’s northwest fuels market. The Pecos Refinery will consist of a modular design based refinery with a name plate capacity of 25,000 barrels per day along with a 25,000 NGL fractionation unit focusing on high margin fuel products for Mexico’s market – fuels that currently have to travel thousands of miles from USGC refineries to reach consumers which are close and near to West Texas’ prolific Delaware Basin. The facility will also bring badly needed long term and high paying jobs to an Opportunity Zone in Reeves County spurring economic development in one of Texas’ most depressed communities.
Miller Infrastructure Group is an investment firm that owns midstream assets and CO2 capture and utilization facilities in Southeast Mexico in partnership with one of Mexico’s largest pension fund managers.
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