Pemex Cogeneration And Services BODs Installed

Instant Max AI

(Pemex, 30.Jun.2015) – The organic statute containing the organization and functions of the new productive state¬-owned subsidiary Pemex Cogeneration and Services was approved during the installation session of the Board of Directors.

The statute will become effective after its publication in the Official Gazette of the Federation.

This is one of the first structures approved for the new Pemex’s productive state¬-owned subsidiaries that were established as business lines with the purpose of value creation. On previous days, the Board of Directors of Petróleos Mexicanos approved the appointment of Eleazar Gómez Zapata as CEO of Pemex Cogeneration and Services, which will be responsible for exploiting the cogeneration potential of the company in order to increase operational efficiency and reliability in the production processes, and benefit from the economic, energy and environmental perks of the new electricity market derived from the Energy Reform.

In addition, the Board of Directors of Pemex Cogeneration and Services approved the appointments of the heads of the areas of this new subsidiary: Raquel Buenrostro Sánchez in Planning and Development; Alberto Elizalde Baltierra in Project Execution; Roberto Osegueda Magaña in Operations, and Rodrigo Sánchez Revilla in Marketing.

In this regard, a potential for cogeneration close to 5,000 megawatts has been identified in several areas of Pemex. Projects are currently being developed in the Cactus Gas Processing Complex; the Tula, Cadereyta, Salina Cruz and Minatitlán refineries, as well as in the Cangrejera and Morelos (Coatzacoalcos) petrochemical complexes in, with an estimated total investment of 6 billion dollars.

Cogeneration projects are part of Pemex’ business strategy oriented toward the mitigation of greenhouse gases. With the startup of operations of the aforementioned projects, an annual reduction of 15 million tons of CO2 is estimated nationally.

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