Petroleum Refining
PEMEX Evaluates Options of Investing $1.5 Billion to Upgrade Refinery in Mexico
The conversion project will not increase capacity, but will involve constructing new units and modifications of existing units such as adding an atmospheric crude and vacuum unit
Released Wednesday, September 27, 2006
Researched by Industrial Info Resources (Sugar Land, Texas). PEMEX (Petroleos Mexicanos) (Mexico City, Mexico) is evaluating options to invest $1.5 billion to convert its existing 330,000-barrel per day Salina Cruz refinery to process additional volumes of heavy crude oil. The conversion project will not increase capacity, but will involve constructing new units and modifications of existing units such as adding an atmospheric crude and vacuum unit, adding a 50,000-barrel per day delayed coker unit, adding a 25,000-barrel per day vacuum gas oil hydrotreater, adding a 25,000-barrel per day coker naphtha hydrotreater, a sulfur recovery unit, a hydrogen unit, an alkylation unit, an isomerization unit, and a reformer. Currently, KBC Advance Technologies, Incorporated (Parsippany, New Jersey) is performing consulting services for the project. The study is expected to be finished around the end of 2006. Once complete, PEMEX expects to select an engineering, procurement, and construction contractor to commence construction of the project in late 2008, with startup planned for early 2011.
PEMEX is a state-owned refinery that has been operating since 1938. The company has revenues of about $77 billion and currently has an estimated 138,000 employees. PEMEX has six refineries, which are located in Tula, Salamanca, Cadereyta, Madero, Minatitlan, and Salina Cruz, with a total production capacity of 1.6 million barrels per day that engages in exploration, production, refining, transportation, storage, distribution, and sales of oil and natural gas. The company is the largest Latin American petroleum corporation and a major world exporter of fossil fuels.
For more information on Industrial Info's worldwide Petroleum Refining Industry Coverage contact Member Center at 1-800-762-3361.
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Industrial Info Resources (IIR) is a Marketing Information Service company that has been doing business for over 23 years. IIR is respected as the leader in providing comprehensive market intelligence pertaining to the industrial processing, heavy manufacturing, and energy-related industries throughout the world.
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