By 2019, Yucatán will have its first natural gas plant, with an investment of $1.5 billion US dollars by the firm Korea Gas Corporation (Kogas), providing service to the Yucatan Peninsula.
The president of the National Chamber of Industry (Canacintra), Mario Can Marin, said the project unveiled by Kogas is a state-based liquefied natural gas plant, which would seek to provide the energy to businesses and residences in Yucatan, Campeche and Quintana Roo.
Can Marin stated that this project will bring great benefits to the local industrial sector, as it will help make the market more competitive with a more reasonable price for this highly demanded energy product.
“Having a plant producing natural gas in Yucatan will significantly lower the production costs for all industries in the region, and will help them to comply with clean energy regulations”, the business leader said.
He said the Korean company plans to begin operations in 2019.
In the case of Yucatan, the installation of this plant would guarantee the supply of 300 million cubic feet per day required for businesses that use this type of energy, of which 95 percent, 285 million cubic feet, are used by the Comision Federal de Electricidad (CFE) to produce the energy consumed in Yucatan and the rest of Southeast Mexico.
The President of CANACINTRA recalled that in 2015, many industrial companies in Yucatán had complications due to the lack of natural gas supply by PEMEX, which meant that they had to use LP gas for their processes, because the CFE consumed all the natural gas PEMEX was able to supply.
But now, with the arrival of this company to Yucatán, 14 industries of great importance in the state will be greatly benefited.
“This is good news for our state, this world class Korean company has decided to invest in Yucatán, along with other international firms that are settling down in our state, such as Grupo Modelo, cardboard factories, Leoni (electric harnesses) and Reyma (plastics),” Can Marin concluded.
more recommended stories
Google suspends business with Huawei after Trump blacklist
Alphabet Inc’s Google has suspended business.
On World Bee Day, actions are needed to Save the Bees
The United Nations designated May 20.
Morehouse College grads are surprised by a billionaire’s promise
Atlanta, GA (CNN) – Morehouse College.
Father of slain pregnant teen blames ‘anti-immigrant laws’ for delay in investigation
The father of a pregnant teenager found.
Trump ‘engaged in impeachable conduct’… GOP Rep. Justin Amash.
Justin Amash is the first GOP.
Los Cabos, Mexico from a tourist point of view (VIDEO)
Laurel and Brandon went on vacation.
Quintana Roo beaches threatened by smelly seaweed invasion
MEXICO CITY (AP) — Tourists looking.
Tensions with China help U.S. see importance of North American trade (Jesus Seade)
MEXICO CITY (Reuters) – Tense U.S.-China.
Finally, the U.S. lifts tariffs on Canadian, Mexican metals
WASHINGTON/OTTAWA (Reuters) – The United States.
Puerto Vallarta is recognized as the world’s second most important beach destination for the LGBT community
Puerto Vallarta is internationally recognized as.