Trafigura is on track to become one of the first private companies to produce fuel in Mexico as the nation opens its energy market to foreign investment.
The Dutch trading house and unnamed partners plan to open a fractionation plant in Mexico’s gas-rich Burgos region by the end of 2017 that will process heavy naphtha from national oil company Petroleos Mexicanos into diesel and light naphtha, said a Pemex official who couldn’t be named because of company policy. The Pemex official couldn’t say what the plant’s capacity will be. Trafigura spokeswoman Victoria Dix declined to comment.
