Pemex, Mexico’s state-owned oil company, has unveiled its production plan for the upcoming six-year period, with a focus on increasing investment in the petrochemical sector to meet domestic demand, particularly for fertilizers. According to Secretary of Energy Luz Elena González and Pemex Director Victor Rodríguez Padilla, the company will prioritize investments in the petrochemical industry, including the production of fertilizers, to contribute to the country’s energy self-sufficiency and development.
Investment in Petrochemistry
The plan involves investing over 8 billion pesos, equivalent to 390 million dollars, in the petrochemical sector, including the reactivation of various complexes and units across the country. President Claudia Sheinbaum has stated that the objective of the Pemex production plan is to guarantee energy self-sufficiency and contribute to the development of the country, with a focus on the petrochemical industry, especially fertilizer production. Notable investments include 20 billion pesos to reactivate the Cangrejos refinery complex, as well as the rehabilitation of the Lázaro Cárdenas plant in Michoacán and the modernization of the Cokesin complex.
Fertilizers as a Primary Objective
The plan aims to produce 1.5 million tons of phosphate fertilizers and 1.6 million tons of urea, which will replace imports and be delivered free of charge to small-scale farmers. This strategy is part of the government’s Mexico Plan, which aims to promote the country’s development. In addition to fertilizers, the plan establishes goals for the production of aromatic and other petrochemical products, including 30 thousand barrels per day of components for gasoline and 330 thousand tons per year of aromatics dedicated to gasoline and diesel.
Institutional Cooperation and Transparency
The implementation of the Pemex production plan will involve coordinated work between various government secretariats and the oil company, including the Ministry of Environment and the Ministry of Agriculture and Rural Development. Secretary Sheinbaum has emphasized that the impact of the plan will be significant at the social level, and that Pemex Petrochemistry is a key pillar of the oil production plan, with significant investments that will generate benefits during the six-year period. The plan is expected to contribute to Mexico’s energy self-sufficiency and food sovereignty, aligning with the government’s objectives.