Operations & Maintenance.

Mexico´s Pemex aims for gasoline self sufficiency in 2024 after reverting declines

Mar 21, 2023

Mexican state oil refiner and petrochemical producer Pemex has reverted a decade of plunging gasoline production and plans to reach self sufficiency to meet all future motor fuel needs for the country with its own assets by 2024, the general director of Pemex...

Plastic resin prices in Mexico hit two-year low in Jan. 2023 but seen finding support after U.S. Dec. weather event

Jan 9, 2023

Prices offered by distributors in Mexico for pellets made by the biggest U.S. Gulf Coast plants for the most traded plastic resin, polyethylene, showed in the first week of January the lowest levels in about two years, but there was support after the freezing...

Braskem sees global impact of polyethylene capacity increases lasting until 2024

Nov 19, 2022

Officials at Brazil-based Braskem, Latin America´s biggest petrochemical company with polyethylene production capacity in Brazil and Mexico, said that the global market for this petrochemical plastic resin that is the most traded petrochemical commodity will...

U.S. fuel producers enjoy wider margins in 2022 following capacity reductions since pandemic

Nov 9, 2022

U.S. fuel refining operations posted third quarter 2022 earnings that showed higher refining margins compared with a year earlier amid tighter supply after the shutting down or re-conversion to biodiesel of many oil refineries that had been operating in 2019.

Dow´s revenue drops after 2022 summer plastic prices decline

Oct 25, 2022

Michigan-based Dow reported on Oct. 21 a drop in sales revenue in plastics that are key for its packaging segment and this because of a polyethylene price contraction in the summer of 2022 that has led the company to apply some brakes on production.

Luxury cruise industry aims to lower carbon footprint through design technology, alternative fuels

Oct 11, 2022

The luxury cruise industry wants to cut its carbon footprint by making more energy efficient ships, tapping new fuels, and improving its handling of hydrocarbons so as not to repeat the 2017 pollution conviction that put the spotlight on the industry´s...

Fertilizer supply tightness and weather events seen challenging food security in 2022-2023

Sep 6, 2022

While fertilizer inventories saw some increases and demand showed some softening in mid-2022, reduced nitrogen availability combined with weather events will not only keep supply tight but test food security and may create instability.

Braskem-Idesa´s mid-2022 production hit by power, ethane supply problems

Aug 21, 2022

The Braskem-Idesa ethane cracker and polyethylene plant in the Mexican state of Veracruz saw lower production and sales in the second quarter 2022 due to energy problems as well as lower-than-expected ethane shipments from Pemex.