Pemex Catalytic Units Perfect opportunity they have been working for, but I'm not sure what to make of "The Mexican Petroleum Institute is developing catalytic units to enhance Pemex's existing refining plants to lower sulfur contents in its refined products"...
https://www.spglobal.com/platts/en/market-insights/latest-news/oil/031419-ceraweek-mexico-to-develop-new-catalytic-units-ahead-of-imo-2020-secretary-nahle
CERAWeek: Mexico to develop new catalytic units ahead of IMO 2020: Secretary Nahle
Highlights A free fuel market will help Mexico to have low prices
Pemex will refine 1.12 million b/d next year
Houston — The Mexican government is planning to build new catalytic units at Pemex's refineries to overcome changes in international marine fuel market next year, Energy Secretary Rocio Nahle said Wednesday.
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Register Now The Mexican Petroleum Institute is developing catalytic units to enhance Pemex's existing refining plants to lower sulfur contents in its refined products, Nahle said while answering a question from S&P Global Platts in a press conference at the sideline of CERAWeek by IHS Markit.
In 2020, the International Maritime Organization's will start cutting emissions limits in bunker fuel to 0.5%S from 3.5%S, which will be problematic for Pemex which produces high levels of high sulfur fuel oil.
Currently, 30% of total Mexican refining output is high sulfur fuel oil, which reached 160,000 b/d in the last week of February. This is mainly a challenge for Pemex's 220,000 b/d Salamanca, 315,000 b/d Tula and 330,000 b/d Salina Cruz refineries, which have a simple configuration that prevents them from efficiently processing domestic heavy Maya crude oil.
The Mexican government has been concerned with the country's high reliance on gasoline imports, which fulfills 80% of the country's demand, Nahle said. It is a priority for Mexico to increase refinery utilization as Pemex refineries operated under 40% of their capacity in 2018, she added.