News
December 11, 2017 – SalTec International, Inc. announces the commercial operation of Mexico’s first underground LPG Storage Project. (PDF)
December 15, 2014 – SalTec International, Inc. announces Pemex signs contract for salt cavern LPG storage project, the first of its kind in Mexico and Latin America. (PDF)
November 15, 2007 – SalTec International, Inc. announces Mexico’s CRE grants first underground natural gas storage permit. (PDF)
Who We Are
SalTec International, Inc. (“SalTec”), a growth-oriented project development company, is dedicated to owning and operating midstream energy infrastructure assets in the United States and Mexico, with a current focus on the use of solution-mined caverns in salt formations for hydrocarbon storage and waste management in Mexico’s growing energy hub, Coatzacoalcos, Veracruz, Mexico.
SalTec was formed in 1995 by Oliver Kimberly, a successful entrepreneur and investment banker, Stephen Greenfield, former Chairman of Parsons Brinckerhoff and the founder of PB-KBB, which created the 800 million barrel US Strategic Petroleum Reserve, Richard Perkins, a private investor, and Lawrence Kelly.
SalTec, through its 16-year partnership with Cydsa, S.A.B de C.V. (“Cydsa”), is actively developing hydrocarbon storage and waste management projects in Coatzacoalcos, Veracruz, Mexico. Cydsa, one of Mexico’s leading industrial groups, is based in Monterrey, Mexico with operations in Chemicals, Real Estate and Textiles and is the largest producer and distributor of table and industrial salt in Mexico. Coatzacoalcos is located in the growing hub of Mexico’s hydrocarbon production, processing, transportation and import/export activities.
Recent energy reform in Mexico has focused attention on the need to establish critical midstream infrastructure to support the strategic and commercial energy needs of Mexico. As a result, the Mexican government has identified the need for strategic storage of several categories of hydrocarbons, as well as the need for waste management to support upstream E&P activities.
Beyond hydrocarbon storage and waste management projects, SalTec intends to use its nearly 20 years of energy sector experience in Mexico to build a platform focused on midstream energy projects, including gathering pipelines, transmission pipelines, gas processing, fractionation and other midstream services. SalTec believes that it is well-positioned to capitalize on midstream opportunities created by recent Mexico Energy Reform and the participation of private capital in the Mexican energy industry.