Major Investment Push for Mexican Petrochemicals
Pemex announced a 93 billion peso investment ($5.3 billion USD) in the petrochemical and fertilizer sectors during the 2026-2030 period. The announcement came during a conference led by President Claudia Sheinbaum in Coatzacoalcos, Veracruz.
Director General Juan Carlos Carpio Fragoso outlined the plan's ambitious targets: ramping up domestic petrochemical production to 849,000 metric tons annually and boosting fertilizer manufacturing to over 4 million metric tons per year. The initiative aims to cut Mexico's reliance on imported urea and ammonia, both critical inputs for the agricultural sector.
Strategic Facility Upgrades
The 93 billion peso allocation is part of Pemex's broader 2026 investment package worth 425 billion pesos. The strategy directs resources to major petrochemical complexes including:
- Cangrejera complex, Veracruz
- Morelos complex, Veracruz
- Pajaritos fertilizer plant
Near-Term Operations
The plan aims to position Mexico's petrochemical chain to process sufficient raw materials for domestic agricultural needs while reducing imports. The first operational milestone targets the end of this year, with additional production lines set to launch at selected facilities.
Sources
- El Siglo de Torreón
- Pemex Official Press
- Capital México
- Pulso SLP