CANACINTRA proposing to build two refineries

The National Chamber of the Transformation Industry (CANACINTRA) is proposing the construction of two new gasoline refineries over the next four years, through combined public-private investment with national providers. This organization recognizes the short-term impact the price liberation of both gasoline and diesel will have in the economy of citizens and freight distribution costs. According to CANACINTRA’s assessment, Mexico imported 67% of the fuels it consumed in 2016, that is 13% more than the previous year. The proposition of building two refineries came after recognizing that there has not been any investment in this sector in 40 years, and strengthening the gasoline and diesel production would help to make their prices less dependent on the peso-dollar exchange rate, jobs would be created, more taxes could be collected and Mexico’s energetic autonomy, affirms CANACINTRA.