MOSCOW (MRC) -- Mexico's Pemex is planning to begin restart of propylene production at two of its refineries next week as it brings key processing units back online, as per Plastemart with reference to company sources.
Pemex will restart a fluid catalytic cracker next week at its Salina Cruz refinery in Oaxaca, which has been shut following a June 14 fire. Pemex's Minatitlan refinery in Veracruz will see the first of two FCC units come back online August 5, and the second unit would be restarted on August 12. The Minatitlan units had been offline for maintenance, the source previously said. Pemex did not respond to repeated requests for official comment.
The Salina Cruz refinery on the Pacific Coast is the largest in Mexico and a major source of refinery-grade propylene, a key feedstock for the manufacture of polypropylene resin. Salina Cruz is also a major supplier of residual fuel oil across the US border to California. The fire at Salina Cruz was the result of an oil spill reaching an ignition point in the wake of flooding from Tropical Storm Calvin, Pemex said earlier this month.
As MRC informed earlier, in November 2015, Fluor Corp. announced that ICA Fluor, its industrial engineering and construction joint venture with Empresas ICA, had signed a contract with Pemex to supply detail engineering, procurement and construction (EPC) services for the utilities and offsites that are part of the Tula refinery upgrade at Hidalgo, Mexico. The total contract value is USD1.1 billion.
Pemex, Mexican Petroleum, is a Mexican state-owned petroleum company. Pemex has a total asset worth of USD415.75 billion, and is the world's second largest non-publicly listed company by total market value, and Latin America's second largest enterprise by annual revenue as of 2009. Company produces such polymers, as polyethylene (PE), polypropylene (PP), polystyrene (PS).
MRC