Chemical industry will invest US$4 billion in 2017

The Mexican chemical industry will end 2017 exercising total investment valued at US$4 billion, mainly for operational enhancement projects, said Eduardo Escalante, President of the National Association of the Chemical Industry (ANIQ). The executive explained that this amount might increase, but several projects have been kept on hold, as they are pending with the resolution of the North America Free Trade Agreement (NAFTA) renegotiation. The main challenge for this industry nowadays, highlighted Escalante, is Pemex’s input shortage, which has resulted in ongoing importation.