Sector News

Glencore in JV deal to supply Mexican fuel stations

May 18, 2017
Chemical Value Chain

Major miner and trader Glencore has entered an agreement with Corporacion G500 SAPI (G500) to create a platform, to be known as G500 Network, which will service around 12 percent of fuel stations in Mexico.

Glencore in a statement on Thursday said the joint venture will be developed in line with the liberalisation of retail prices in Mexico.

Formed in 2014, G500 is an association of service station owners, established in response to the deregulation of Mexico’s petroleum industry.

By Barbara Lewis

Source: Reuters

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