Energy
Electricity reform would generate 26% in the rate hike
MEXICO – During a press conference, the president of the Employers’ Confederation of the Mexican Republic (COPARMEX) in Queretaro, Jorge…
Mexico’s attractiveness for investment in clean energy plummets
MEXICO – Over the last three years, Mexico has lost its attractiveness for attracting investors in clean energy. According to…
Braskem to build ethane terminal in Mexico
VERACRUZ – Brazilian petrochemical producer Braskem reached a gas supply agreement with Petroleos Mexicanos (Pemex) to resolve pending issues between…
Green hydrogen industry has future in Mexico
MEXICO – In order to boost the green hydrogen industry in Mexico, Hannover Fairs Mexico and the Mexican Hydrogen Association…
Oaxaca wind power project halted
OAXACA – The Gunaa Sicarú wind project of the multinational company Électricité de France (EDF) in the Isthmus of Tehuantepec…
CFE saves more than US$6 billion by negotiating gas pipelines
MEXICO – As a result of the renegotiation of contracts for the sale of natural gas through pipelines of private…
X-Elio to build a 199 MW photovoltaic plant in Mexico
VERACRUZ – X-Elio, a renewable energy group, has closed a US$44.1 million deal with International Finance Corporation (IFC), a member…
IEnova solar park starts operations in Juarez
JUAREZ – The energy company IEnova started up its largest wind farm, “Border Solar”, in Ciudad Juarez, with the capacity…
Mexico acquires 50% of Houston’s Deer Park
HOUSTON – President Andres Manuel Lopez Obrador announced that Pemex has closed the purchase of the Deer Park refinery in…
ACCIONA to invest US$163 million in Baja California
LOS CABOS – ACCIONA will invest a total of US$163 million to build a desalination plant in Los Cabos, Baja…
Ganfeng Lithium Ltd seeks to acquire 100% of Bacanora Lithium’s shares
SONORA – Chinese company Ganfeng Lithium Ltd., one of the largest lithium producers in the world, is interested in acquiring…
PetroBal acquires US$250 million loan in Mexico
MEXICO – PetroBal, a Mexican oil company subsidiary of Grupo Bal, closed a US$250 million loan to continue financing part…
Enel Green Power starts operations in Nuevo León
NUEVO LEON – Enel Green Power began operations at the 269 megawatt (MW) Dolores wind farm in the municipality of…
Mexican meat exports rise amid the COVID-19 pandemic
MEXICO – Between January and May, Mexican exports of beef, pork and chicken registered record figures, driven by higher demand…
