2014-02-07 23:36:02 - Mexico Petrochemicals Report 2014 - a new market research report on companiesandmarkets.com
In our view, growth in the Mexican petrochemicals sector could be stimulated by liberalisation of the upstream energy sector. President Enrique Pena Nieto´s reforms would allow more private sector participation within the petrochemical sector and the broader downstream industry. Under Nieto´s plan, new constitutional and contractual arrangements could reverse the decline in oil and gas observed in recent years owing to a bar on foreign investment in upstream resources.
In 2013 Mexico´s olefins capacities included 1.58mn tonnes per annum (tpa) of ethylene and 660,000tpa of propylene. These fed downstream capacities of 875,000tpa polyethylene, 590,000tpa polypropylene, 667,000tpa polyvinyl chloride (PVC) and 310,000tpa polystyrene. It is widely recognised that this is not enough to cover domestic demand, let alone take full advantage of
Mexico´s strategic position as a supplier to the US market.
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