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Pemex signs memorandum of understanding with Dominion Technologies for electricity cogeneration

Petróleos Mexicanos, through its subsidiary Pemex Cogeneración, has signed a memorandum of understanding with the company Dominion Technologies to form a company aimed at the joint implementation of cogeneration projects that shall give power to various natural gas regulation and measurement stations (ERMS).
The agreement will now harness the energy dissipated by traditional equipment in the process of expansion of natural gas by equipping 23 ERMs conditioning systems, turbo expanders and generators.
Altogether it will have a capacity of approximately 72 MW, with an efficiency close to 95 percent. The project will trigger an estimated $172 million investment and will contribute to the reduction of greenhouse gas emissions by approximately 600,000 tons of carbon dioxide equivalent per year.
The energy resulting from this generation will be primarily used by the ERMs and any surplus will be placed in the electricity market.
Over a thousand temporary jobs also will be created and regional production chains will also be strengthened.
Petróleos Mexicanos reaffirms its commitment on mitigating climate change by supporting the Mexican industry with access to electrical energy at more competitive prices.
This project is yet another result of the Energy Reform, aligning the National Development Plan that will enable the newly created state-owned productive subsidiary company Pemex Industrial Transformation to generate significant savings in its producing work centers, actively participating in sustainable businesses with significant job creation and economic value, and with a sense of social and environmental responsibility.
Las menciones de Pemex pueden referirse a Petróleos Mexicanos o a cualquiera de sus Empresas Productivas Subsidiarias.
Last Modified 13/10/2015 17:58 Investors