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The “Modernización Refinería Talara” project involves the refurbishment and modernization of the Talara refinery located in Peru. The project seeks to achieve two key objectives: reducing sulfur content in diesel, gasoline, and LPG fuels to a maximum of 50 ppm and increasing the refinery’s crude processing capacity from 65,000 to 95,000 barrels per day (BPD), allowing for the processing of heavy crude and conversion of residual products into marketable ones.

PEMEX is investing in constructing two new coker plants at the Tula refinery and Salina Cruz refinery, scheduled to go online in 2024, to phase out fuel oil production. The Salina Cruz cracking refinery, located in Oaxaca, Mexico, is a non-integrated cracking facility owned by Petroleos Mexicanos. It commenced operations in 1979 and boasts a Nelson Complexity Index (NCI) of 8.1. Works on the Salina Cruz unit began in 2022. The plant is expected to contribute to the elimination of fuel oil and the increased production of ultra-low sulfur gasoline and diesel at the refinery.

At the center of the project, Coral Sul FLNG: a floating plant for the liquefaction of natural gas. The ship is 432 meters long and weighs 200 thousand tons. It also has a gas liquefaction capacity of 3.4 million tons per year and will produce LNG from the 500 billion cubic meters of gas from the Coral field. This historic project will help increase the availability of gas on the global market and is an important lever of Mozambique economic and social development.