What is the total amount and timeframe of Pemex's investment plan for the petrochemical and fertilizer industry, and how is the funding structured?

Pemex's investment plan totals 93 billion pesos (approximately $5.3 billion) to be deployed between 2026 and 2030, focusing on the petrochemical and fertilizer sectors. The funding is structured into public investment (57.2 billion pesos) and mixed investment, with 30 billion pesos covered entirely by Pemex’s own funds from 2026 to 2029, and the company explicitly states it will not rely on new external debt.

Where are Pemex's major petrochemical and fertilizer projects located, and what are their key production targets?

The projects are concentrated in Veracruz state across three main centers: Cangrejera, Morelos, and Cosoleacaque. Key targets include annual production of 849,000 tons of petrochemical products and over 4 million tons of fertilizers; specifically, 520,000 tons of ethylene derivatives from the ethane–ethylene chain, 329,000 tons of aromatics, 957,000 tons of ammonia, 2.4 million tons of phosphate and nitrogen fertilizers from Proagro and Fertilinal plants, and over 700,000 tons of ammonia and granular urea from the new Escorpión plant in Poza Rica.

Pemex Plans Major Investment to Reshape Petrochemical and Fertilizer Industry

Jun 15, 2026

Mexico's state oil company Pemex announced a $5.3 billion investment plan for 2026-2030 to expand petrochemical and fertilizer production in Veracruz. The initiative aims to boost domestic output of ethylene, ammonia, and urea while reducing import dependence.

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