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.