Victory Hill Capital Partners LLP

Playing the border game

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, morepolluting fuels from Mexican refineries, from where they can be transported tomodern, 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.

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