Mexico's Pemex expands, restarts ammonia plant

16 August 2012 22:14  [Source: ICIS news]

HOUSTON (ICIS)--Mexico-based Pemex has restarted its expanded Ammonia V plant in its petrochemical complex at Cosoleacaque in Veracruz state following removation work that began in January, the company said on Thursday.

Pemex had started renovating the plant in January, at a cost of pesos (Ps) 637m ($48.5m, €39.3m), the company said.

The project will allow Pemex to displace 300,000 tonnes/year of ammonia imports, which cost the company about $190m.

In addition, Pemex will be able to export more than 150,000 tonnes/year, the company said.

($1 = Ps13.14) ($1 = €0.81)

By: Al Greenwood
+1 713 525 2645

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