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Synopsis
Victory Hill Capital Advisors, a London-listed investment company, completed the acquisition of two operating terminal storage sites on the Texas Gulf Coast for $61m. "The project will help materially reduce the environmental and health threats that high sulfur fuels have on the natural habitat and human health. By reducing the availability of High Sulfur Fuel Oil for domestic consumption in Mexico and displacing it with cleaner less pollutive products, GSEO aims to help reduce SO2, CO2 and NO2 emissions by over 85%, particularly in large urban areas around the country. This displacement programme is central to supporting the Mexican government in achieving its Paris Accord targets, and this remains the mission of GSEO and Victory Hill," Anthony Catachanas, Victory Hill Capital Advisors CEO.
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