PUBLICATION

Global Business Reports

AUTHORS

Alfonso Tejerina, Josie Perez, Lubo Novak, Amelia Salutz

Mexico Chemicals 2015

April 30, 2015

In the wake of Mexico’s historic approval of structural reforms allowing for private investment in the hydrocarbons sector at the end of 2013, the Mexican market has been frenzied with optimism and growth projections. President Enrique Peña Nieto’s success in pushing through this reform package is certainly one worth celebrating, and now that the reforms have been approved, the business community is more clearly evaluating its opportunities across sectors. For Mexico’s chemical industry, the opening up of the country’s oil and gas sector could be the game changer.

In decline since the 1990s, the Mexican chemical sector has struggled under the weight of Pemex and international competition. As Mexico’s economy is the most closely linked to that of the United States, it has also been the most affected by the U.S. recession. Yet, today Mexico has taken the lead in regional growth as its fellow Latin American powerhouse Brazil enters a recession. Upstream private investment spurred by the reforms could create downstream benefits to place the Mexican chemical market more firmly on the map.

 

Featuring exclusive interviews with:

Government of Mexico – Ildefonso Guajardo Villarreal, Secretary of Economy
ANIQ – Ing. Miguel Benedetto Alexanderson, Director General
ANAFAPYT – David Arciniega, President
PROCCYT – Maria Eugenia Villanueva, Executive Director
Pemex Gas y Petroquímica Básic (PGPB) – Alejandro Martínez Sibaja, Director
Comex – Alejandro Morones, Vice President of Global Research and Development
Braskem Idesa – Roberto Bischoff, CEO
Grupo Idesa – José Luis Uriegas, Director General
Indelpro – Alejandro Llovera Zambrano, President
Velsimex – Dr. Jose I. Escalante de la Hidalga, President
Evonik – Herwig Bachmann, General Director
Clariant – Fernando Hernández, Head of Country Services

RELATED INTERVIEWS MORE INTERVIEWS

Haldor Topsoe discusses the potential for energy transition in Latin America.
The Mexican Union of Agrochemicals Manufacturers and Formulators (UMFFAAC) describes the main themes impacting its members.
Cristian García of PROCCYT explains the dynamics influencing Mexico’s crop protecting sector.
FMC discusses the rise of sustainable products which have minimal residues on crops.

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"We plan to double our copper production by the end of the decade. There remains significant upside potential in the gold industry, and the copper operations are strategic and additive to that."

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