ME-L1110 : Etileno XXI

Project Status
Approved

Etileno XXI will supply a significant portion of the Mexican market's PE needs. Furthermore, due to its scale, state-of-the-art technology, feedstock and logistical advantages, the Project is expected to achieve costs that place it in the top quartile in the industry. Etileno XXI is also the first private sector downstream petrochemical investment to which PEMEX Gas will supply ethane. Industrializing ethane significantly increases its value when compared to alternative uses. Moreover, the Project will also create approximately 6,000 jobs during construction and 3,000 jobs during operations in a region with high unemployment and low GDP per capita. The Project is the largest petrochemical project in Mexico in the last 30 years, one of the most substantial foreign direct investments by a Brazilian firm outside Brazil, and the biggest project ever jointly undertaken by Brazil and Mexico.

PROJECT DETAIL

Project Number ME-L1110
Financial Information
Project Number ME-L1110
Project Status Completed
IDB Financing
Financing Type Private Sector Loan
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date SEP 30, 2017
Roles & Responsibilities
Contract Signature Date DEC 19, 2012
Financial Information
Project Number ME-L1110
Project Status Implementation
IDB Financing
Financing Type Complementary Line of Credit
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date SEP 30, 2017
Roles & Responsibilities
Contract Signature Date DEC 19, 2012
Country Mexico
Sector ENERGY
Subsector ENERGY-NEW OIL AND GAS AND EXTRACTIVE INDUSTRIES
Project Type Loan Operation

PROJECT INFORMATION

Total Cost H USD 4,720,000,000
Country Counterpart Financing USD 4,070,000,000
IDB Financing
Reporting currency USD - United States Dollar
Estimated Cofinancing(s) USD 300,000,000
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparatio

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Preparation

Approved

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