What are Pemex's key production targets for petrochemicals and fertilizers by 2030, and where are the main investment sites located?

Pemex aims to achieve petrochemical production of 849,000 metric tons/year and fertilizer production of 4 million metric tons/year by 2030. The investments will be concentrated at its facilities in Cangrejera and Morelos (both in Veracruz) for petrochemicals—including ethylene derivatives and aromatics—and at a new fertilizers plant in Poza Rica for granulated urea production.

How does Pemex plan to expand its ethylene derivatives capacity, and what specific products are included in this expansion?

Pemex plans to increase ethylene derivatives production from 88,000 mt/year to 520,000 mt/year by investing 30 billion pesos at Cangrejera and Morelos; the expanded product slate includes polyethylene, ethylene oxide, and glycols.

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Pemex announced a $5.3 billion investment plan from 2026 to 2030 to reactivate Mexico's petrochemical sector, aiming to boost ethylene derivatives and fertilizer production while reducing import dependence.

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