A year of progress and decline – something that is probably typical among many prior years. To start a review of the carbon dioxide (CO2) business in 2019, Mexico continues to have its raw gas source struggles.
The country’s raw gas is primarily driven by the hydrocarbon industry – of which the lion’s share would be by-product of the ammonia business – state-owned by Pemex – and includes some sourcing from the ethylene oxide sector.
Despite strong raw gas prices from the state-owned hydrocarbon sector, Pemex would rather combine the product to manufacture urea. Sources continue to be almost absolutely restricted by the state, rather than selling to a well-paying merchant sector. In the end, some feel by-product will be released eventually, however, this schedule is unknown.
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