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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
Project Country
Mexico
Project Sector
ENERGY
Project Subsector
ENERGY-NEW OIL AND GAS AND EXTRACTIVE INDUSTRIES
Project Type
Loan Operation
Project Status
Approved
Operation Number
2718A/OC-ME

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
Jan/31/18

Roles & Responsibilities

Contract signature date
Dec/19/12
Operation Number
2718B/OC-ME

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
Jan/31/18

Roles & Responsibilities

Contract signature date
Dec/19/12

Project Information

Total Cost
USD 4,720,000,000
Country counterpart financing
USD 4,070,000,000
Fund
Ordinary Capital
Amount
650,000,000

Approved

Title
Type
Project Number
Date Published
Agreement - Financial Closing - SCF
2718A/OC-ME;ME-L1110
April 04, 2012
Agreement - Financial Closing - SCF
2718A/OC-ME;ME-L1110
April 04, 2012
Loan Proposal
ME-L1110
September 15, 2011

Preparation

Title
Type
Project Number
Date Published
Environmental & Social Management Reports
ME-L1110
February 03, 2012
Environmental Impact Assessments
ME-L1110
September 23, 2011
Project Abstract
ME-L1110
September 15, 2011