New Fortress Energy sales volume set to jump 80% on LatAm additions
Sales volume for New Fortress Energy (NFE) is expected to hit 3.6Mg/d (million gallons a day) with the startup of LNG terminals in Mexico and Nicaragua, and the incorporation of the Sergipe terminal in Brazil.
CEO Wes Edens provided the outlook during NFE’s first quarter results presentation where he highlighted normalized sales volume of around 2Mg/d for 1Q21.
New York-based NFE already operates terminals in Jamaica and Puerto Rico.
The 1.8Mg/d La Paz terminal in Mexico and the 2.4Mg/d Puerto Sandino terminal in Nicaragua are scheduled to come online in the next 60 days, while Sergipe (2.4Mg/d) is in operation and was part of NFE’s acquisition of Hygo Energy Transition that closed in April.
The addition of Brazilian terminals Barcarena, Suape and Santa Catarina in 2022 would help push sales volume to 16.2Mg/d, said Edens.
He also highlighted advancement of NFE’s modular liquefaction facility project – dubbed Fast LNG – with a first facility due online by end-2022.
Regarding NFE’s venture into cleaner fuels, Kenneth Nicholson, who is leading the initiative, said a JV will be established with Fortress Transportation and Infrastructure which operates a multi-modal crude oil and refined products logistics terminal in Texas.
Nicholson said that final investment decisions for renewable diesel and hydrogen projects are expected in 90-120 days, and that each project will cost US$200-300mn.
The plan is for Zero Parks, as the JV will be known, to be separated as a stand-alone public company, Nicholson added.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Electric Power (Mexico)
Why Mexico's renewable energy industry will be hoping Harris wins US presidency
While a Kamala Harris administration in the US could help Mexican President Claudia Sheinbaum achieve her renewable energy ambitions, Trump 2.0 wou...
Turner & Townsend’s blueprint for Latin American growth
Luis Del Cistia, infrastructure, energy and natural resources director at Turner & Townsend Brazil, speaks to BNamericas in this email interview ab...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Electric Power (Mexico)
Get critical information about thousands of Electric Power projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Construction of consolidated electrification works in the Villahermosa Distribution Zone in the State of Tabasco, Package 2.
- Current stage:
- Updated:
2 weeks ago
- Project: Civil and Electromechanical Works in Electrical Substations for the REI Project (Smart Electric Grid) Fourth Stage, in the Area of the Zacatecas Distribution Zones.
- Current stage:
- Updated:
2 weeks ago
- Project: Construction of consolidated electrification works within the scope of the Tuxtla Distribution Zone in the State of Chiapas, Package 1
- Current stage:
- Updated:
2 weeks ago
- Project: MODERNIZATION OF THE CHA T-02 POWER TRANSFORMER TO INCREASE THE RELIABILITY OF THE GENERAL DISTRIBUTION NETWORKS OF THE VOLCANOES ZONE OF THE SOUTH MEXICO VALLEY DIVISION.
- Current stage:
- Updated:
2 weeks ago
- Project: CONSTRUCTION 0.82 KM 1-CTO. SUBT-3F-4H-750 MCM-3/0 CU FROM SE CAF. TO ENTRANCE TO THE PORTALES DEVELOPMENT IN THE MUNICIPALITY OF LOS CABOS, BAJA CALIFORNIA SUR
- Current stage:
- Updated:
2 weeks ago
Other companies in: Electric Power (Mexico)
Get critical information about thousands of Electric Power companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Mediciones y Medioambiente
- Company: Sinohydro México
-
The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
- Company: Impulsora del Desarrollo y el Empleo en América Latina, S.A.B. de C.V. (Ideal)
-
Impulsora del Desarrollo y el Empleo en América Latina, S.A.B. de C.V. (Ideal) is a Mexican engineering and construction parent company, established in 2005 for designing, devel...
- Company: Aslan Energy Capital
- Company: Link Electric Vehicles Mx (Link Electric Vehicles, México)
-
The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
- Company: Konoike México S.A. de C.V. (Konoike Transport)
-
The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
- Company: Akron Grupo (Akron)
-
The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
- Company: Trane S.A. de C.V. (Trane Mexico)
-
The description contained in this profile was extracted directly from an official source and has not been edited or modified by BNamericas researchers, but may have been machine...
- Company: Alten Energías Renovables México S.A. de C.V. (Alten Energías Renovables México)
-
Alten Energías Renovables México is the local subsidiary of Alten Energías Renovables, the Spanish renewable power producer. The company, in a joint venture with renewable power...
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
