Hydrocarbon reform likely to attract new petrochemical investment in Mexico


The recent historic changes made to Mexico's hydrocarbon laws is opening doors for private oil and gas investment in the country, which is expected to secure more competitive feedstocks necessary for expanded petrochemicals production in Mexico, according to a release from IHS (www.ihs.com). Dave Witte, senior vice president of IHS and general manager of IHS Chemical, discussed the potential for Mexico's petrochemical industry at the Asociacion Nacional de la Industria Quimica (ANIQ), Oct. 31, in Mexico City.

The changes will also allow for cheaper electricity costs in Mexico, which in turn, will help improve the country's competitiveness and create opportunities for new domestic and foreign investment in Mexico's manufacturing and petrochemical industries, according to IHS, a leading source of critical information and insight.

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