Important agreement between Mota-Engil and Pemex for the construction of a fertilizer plant in Veracruz

The Portuguese company Mota-Engil has taken a significant step in the Mexican market by signing an agreement with the state-owned company Pemex for the construction of a fertilizer plant in Veracruz, with an estimated investment of 1.2 billion dollars. This project, which anticipates an annual production of about 700,000 tons of ammonia, urea, and AdBlue, represents an important milestone in Mexico's industrial and agricultural sector. Since starting operations in Mexico in 2008, Mota-Engil has been involved in various infrastructure projects in the country, solidifying its presence and contributing to the economic and social development of the nation. On this occasion, the Portuguese firm is undertaking the construction of a plant that will not only create employment and economic activity in the region but also enhance the productive autonomy of the Mexican agricultural sector. The agreement between Mota-Engil and Pemex stipulates that the fertilizer production plant will receive key raw materials, such as gas and water, from the client, with the operator being responsible for transforming these inputs into high-quality end products. This strategic partnership aims to reduce Mexico's dependence on fertilizer imports, promoting greater self-sufficiency and sustainability in the agricultural sector. As detailed in an official statement by Mota-Engil, the construction project of the fertilizer plant will be carried out in three distinct phases. The first phase, which involves feasibility studies, will last for a period of four to six months, laying the groundwork for the project's full execution. The construction phase, estimated to last 42 months, will represent a significant investment and a logistical and technical challenge for both companies involved. Furthermore, it is projected that once construction is completed, the plant will operate technically and economically for a period of 20 years, ensuring continuity in the production and supply of fertilizers to the Mexican market. This long operational duration not only guarantees production stability but also creates long-term opportunities for the growth and development of the fertilizer industry in the country. The construction of the fertilizer plant in Veracruz will not only impact the economic sphere but also have positive environmental consequences. According to Mota-Engil, this project will promote sustainable solutions for the agricultural sector, contributing to the reduction of carbon footprint and encouraging more environmentally friendly practices. In a context where self-sufficiency and food security are top priorities for Mexico, the establishment of this fertilizer plant represents a significant advancement towards consolidating the country's agricultural sovereignty. With such a high annual production capacity, it is expected that this facility will play a crucial role in supplying agricultural inputs necessary to boost the productivity and competitiveness of the sector. In conclusion, the agreement between Mota-Engil and Pemex for the construction of a fertilizer plant in Veracruz is an important milestone in the bilateral collaboration between Mexico and Portugal, as well as a significant step towards the consolidation of the fertilizer industry in the country. This project will not only generate economic and social benefits but also lay the groundwork for sustainable and responsible development in the Mexican agricultural sector, thus contributing to the growth and well-being of the nation as a whole.