en.Wedoany.com Reported - Recently, Mexico's state-owned oil company Pemex announced a petrochemical and fertilizer industry recovery plan, intending to invest 93 billion pesos in public and mixed funds from 2026 to 2030. The plan focuses on existing petrochemical bases and new facilities in Veracruz state to increase production capacity for basic chemicals, fertilizers, and key intermediates. The plan will cover projects including ethane-ethylene, aromatics, ammonia, Fertinal-ProAgro, and the new Escolín plant in Poza Rica.
The plan aims to increase Mexico's domestic petrochemical production to 849,000 tons annually and boost fertilizer production to over 4 million tons per year.
Pemex's proposed recovery arrangement focuses on petrochemical complexes such as Coatzacoalcos, Cangrejera, and Morelos, as well as fertilizer facilities and new plants in the Poza Rica area. Mexico has long possessed oil and gas resources, refining infrastructure, and Gulf coast port conditions. However, some petrochemical and fertilizer production capacities have experienced declining utilization rates over years of operation, insufficient investment, and industrial chain relocation, leading to increased dependence on imported raw materials for domestic industry, agriculture, and manufacturing. The new investment plan will reorganize the basic chemical chains of natural gas, oil and gas derivatives, ammonia, urea, ethylene, ethylene oxide, and aromatics through the restoration of old facilities, construction of new infrastructure, and linkage of upstream and downstream projects. According to the project schedule, related capacities at centers such as Morelos, Cangrejera, and Coatzacoalcos will achieve larger annual output scales. The ProAgro and Fertinal systems will undertake the task of increasing fertilizer supply capacity, and the new Escolín plant will become an important fulcrum for new chemical production capacity in the Poza Rica area.
Mexico's decision to advance this round of petrochemical and fertilizer recovery in Veracruz is closely related to the local industrial base. Southern Veracruz concentrates port, pipeline, refining, petrochemical, ammonia, and fertilizer-related facilities. Existing industrial assets have the conditions for restoration and capacity expansion and can directly connect with downstream industries such as agricultural inputs, plastics, textiles, pharmaceuticals, automotive, cleaning products, and chemical manufacturing. Ethylene and ethylene oxide can enter the chains of plastics, surfactants, pharmaceuticals, and textile materials; ammonia, urea, and phosphate fertilizer products serve agricultural production and food supply systems. For Mexico, the core difficulty of the recovery plan lies not only in the scale of funding but also in the systematic coordination among equipment maintenance, raw material supply, continuous operation, safety and environmental protection, equipment procurement, engineering construction, and product sales. If these projects proceed on schedule, Mexico's basic chemical supply chain will gain stronger localized support, and demand for related equipment such as pumps, valves, compressors, reactors, heat exchangers, storage tanks, instrumentation and control, water treatment, safety and fire protection, and environmental treatment equipment will also be released.
Subsequent project progress will focus on the implementation of sub-project investments, renovation of old facilities, construction of new plants, raw material supply, and capacity ramp-up. As Pemex prioritizes petrochemicals and fertilizers as key recovery directions from 2026 to 2030, Mexico's chemical industry will usher in a capacity restoration cycle centered on basic raw materials, agricultural inputs, and industrial intermediates.
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