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Mexico (400)


Pemex seeks $1.45 billion in savings over four years
Petroleos Mexicanos (Pemex) is seeking to make annualized savings of more than 21.3 billion pesos ($1.45 billion) over the next four years by consolidating the company's supply and procurement processes. The figure includes about peso7.66 billion in savings...

Mexichem acquires distribution and sale license for DuPont pharmaceutical-grade propellant
Mexichem says that it has acquired from DuPont the distribution and sale license for pharmaceutical-grade hydrofluorocarbon (HFC)-227ea/P, a medical propellant. The purchase price was $4.1 million, Mexichem says. The product is used to safely deliver a...

Indorama Ventures forms two jv's in Mexico
Indorama Ventures (Bangkok) said in Friday that it has formed two joint venture companies in Mexico with Mario Martinez Barone, a Mexican businessman. Indorama Ventures holds a 51% stake in Indorama Ventures EcoMex and Barone has the balance. The same...

Pemex appeals US court decision requiring $593 million be set aside for payout to consortium in lawsuit
Petróleos Mexicanos (Pemex) is appealing a decision by a New York court that requires the company to set aside $593 million for a potential payout to Conproca, a consortium formed by SK Engineering (Seoul) and Siemens. The consortium presented a...

OxyChem, Mexichem cracker jv has begun construction

OxyChem (Dallas, TX) and Mexichem (Tlalnepantla, Mexico) say that their 50-50 jv, Ingleside Ethylene, began construction of its 540,000 m.t./yr ethane cracker at OxyChem’s Ingleside, TX, complex in the second quarter of 2014. The $1.5 billion project remains on schedule to begin commercial production in the first quarter of 2017, they say.


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