Valero Sees Mexican Fuel Demand Growing Despite Dos Bocas Boost [Financial Post (Toronto, Ontario, Canada)]
Valero Energy Corporation (VLO)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Valero Energy Corp. expects fuel demand to grow in Mexico, even with the flagship Dos Bocas refinery set to ramp up domestic production and the presidential frontrunner proposing a shift to more green energy. The Texas-based refiner's Mexican subsidiary sees opportunity in exporting more fuel into the domestic market because the country cannot meet demand with local refining capacity alone, according to the company's top local executive. Article content Article content “Even with added capacity from the new Dos Bocas refinery, Mexico cannot generate enough diesel, jet fuel and gasoline to meet demand,” Valero Mexico General Director Carlos Garcia said in an interview Tuesday on the sidelines of a Council of the Americas event in Mexico City. “There's always going to be a need to import fuel into Mexico.” Mexico's outgoing president, Andres Man
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