Cangrejera gas cracker has an ethylene production capacity of 500,000 tpa
Mexico City, Mexico - February 12, 2025 - Petróleos Mexicanos (Pemex), Mexico's state-owned oil and gas company, has announced a significant investment of $975 million to bolster the country's petrochemical industry. This investment is part of the Mexican government's broader plan to revitalize the sector and reduce reliance on imports.
The funds will be used to reactivate the Cangrejera complex, transforming it into a petrochemical refinery. This move aims to increase domestic production of essential petrochemical products, thereby meeting the growing demand within Mexico and potentially reducing reliance on imports.
Pemex CEO Víctor Rodríguez emphasized the importance of this investment, stating, "This initiative aligns with our commitment to strengthen Mexico's energy independence and foster economic growth." He further highlighted the collaboration between Pemex and other government agencies, including the Ministry of National Defense and the Ministry of Citizen Security, to combat fuel theft and ensure efficient logistics.
The Mexican government's 2024-2030 Hydrocarbon Sector Work Plan outlines several strategic actions for Pemex, including:
▪️Efficient exploration and sustainable production
of hydrocarbons
▪️Strengthening the refining system
▪️Expanding petrochemical and fertilizer output
▪️Securing efficient logistics
▪️Promoting clean energy generation
#pemex #petroleosmexicanos #pemextransformacionindutrial #veracruz #mexico #coatzacoalcos #cangrejera
