Petroleos Mexicanos ("Pemex"), and Global Water Development Partners
(“GWDP”), founded by private equity funds managed by Blackstone,
announced the signing of a Memorandum of Understanding (MOU) focused on
the creation of a partnership to invest in water and wastewater
infrastructure for Pemex’s upstream and downstream facilities.
The Pemex/GWDP Partnership would accelerate Pemex’s efforts to design,
implement and finance critical and environmentally-conscious solutions
for its oil and gas water and wastewater treatment operations. Jose
Manuel Carrera, General Director of PMI commented, “The partnership will
enable Pemex to better focus its financial resources on its core
business, while addressing its water and wastewater needs with a
world-class partner like Global Water Development Partners. In addition
to providing a source of financing, the partnership will facilitate
access to the industry’s most advanced technology and integrated
full-service water systems for all of Pemex’s water supply and
wastewater treatment needs at both its onshore and offshore oil
production facilities, refineries and petrochemical plants.”
Sean Klimczak, Senior Managing Director of Blackstone, said, "Blackstone
is very excited to partner with Pemex in its mission-critical oil and
gas-related water and wastewater treatment efforts.” Last year,
Blackstone established Global Water Development Partners, as a platform
for expanding investment in the global water and waste sector. GWDP’s
CEO Usha Rao-Monari commented, “We look forward to partnering with Pemex
to provide innovative and sustainable water solutions throughout its
value chain."
About Pemex
Pemex is the most important company in Mexico and one of the largest in
Latin America and the biggest tax contributor to the Mexican government.
Pemex has become one of the few fully integrated oil companies,
developing its entire productive chain: exploration, production,
industrial processing/refining, logistics and marketing.
Its business involves a complex myriad of installations and advanced
technology, yet the core of the company is its experienced and trained
personnel. Pemex carries out extensive exploration and extraction
projects every year, generating approximately 2.5 million barrels of oil
daily and more than 6 million of cubic feet of natural gas.
It has 6 refineries, 8 petrochemical complexes and 9 gas processing
complexes, where it produces multiple refined products in order to
attend to customer’s needs in different segments.
Logistically, Pemex has 83 land and maritime terminals, as well as oil
and gas pipelines, maritime vessels, and varying fleets of ground
transportation in order to supply over 10,000 service stations
throughout the country.
Pemex seeks to continuously be a socially responsible company that works
under stringent safety, job, health and environmental protection
standards. It actively participates in protecting and contributing to
the communities where it operates by making significant donations to
public works, environmental protection and community building projects
with the goal of improving health and welfare. All this facts positions
Pemex as competitive oil company worldwide.
About Global Water Development Partners
GWDP was launched by Blackstone in 2014 as the first formal attempt by a
mainstream private equity player to support companies with critically
needed capital to create long-term and sustainable water facilities,
develop desalination facilities and large-scale wastewater treatment for
industrial customers, and identify, develop, finance, construct and
operate large-scale independent water development projects. GWDP
combines its own management team's extensive knowledge and sectoral
experience with Blackstone's expertise as an active investor
and developer of infrastructure projects.
About Blackstone
Blackstone Energy Partners is Blackstone’s energy-focused private equity
business, with a successful record built on Blackstone’s industry
expertise and partnerships with exceptional management teams. Blackstone
has invested approximately $8 billion of equity globally across a broad
range of sectors within the energy industry.
Blackstone is one of the world’s leading investment firms. We seek to
create positive economic impact and long-term value for our investors,
the companies we invest in, and the communities in which we work. We do
this by using extraordinary people and flexible capital to help
companies solve problems. Our asset management businesses, with over
$300 billion in assets under management, include investment vehicles
focused on private equity, real estate, public debt and equity,
non-investment grade credit, real assets and secondary funds, all on a
global basis. Blackstone also provides various financial advisory
services, including financial and strategic advisory, restructuring and
reorganization advisory and fund placement services. Further information
is available at www.blackstone.com.
Follow Blackstone on Twitter @Blackstone.
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