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Chemical Week Magazine :: Business & Finance :: United States/Americas

Pemex to spend $475 million on urea plant in Mexico

5:54 AM MST | January 24, 2014 | —Natasha Alperowicz

Petróleos Mexicanos (Pemex; Mexico City) has announced the acquisition of Agro Nitrogenados’ urea manufacturing asset, which Pemex plans to reactivate and revamp. The company says it will spend $475 million on the project, including the acquisition. Production at the 990,000-m.t./year urea plant at Pajaritos, Veracruz State, Mexico is expected to restart in 2015. PMI, a Pemex subsidiary; and Minera del Norte (Hercules, Mexico), parent of Agro Nitrogenados, signed the deal. PMI plans to launch the rehabilitation and revamp of the plant. Pemex says...

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