HOUSTON, Jan. 10, 2018 /PRNewswire/ -- Gas y Petroquimica de Occidente, S.A. de C.V. ("GPO"), G2X Energy Inc. and CFEnergia ("CFEn") announced today that they have entered into a 15-year natural gas transportation and supply contract in support of the new fertilizer plant to be built by GPO in Topolobampo, Sinaloa.
The 81,000 MMBtu/day contract with CFEn will allow GPO's world-class ammonia plant to utilize clean natural gas that will be sourced domestically or from elsewhere in North America. GPO will be CFEn's first petrochemical plant customer. The consummation of the natural gas supply contract marks a critical step in the development of the new ammonia plant, which will be the first major investment in Mexico by GPO's major shareholder, the leading global energy company, Proman, who are based in Switzerland. The Topolobampo ammonia plant will be the first ammonia plant on the Pacific coast and will provide safely produced, low-cost, fertilizer to local consumers in Sinaloa.
Proman is a multi-asset, multi-regional and diversified energy producer with assets for the production of methanol and fertilizers in the United States, Trinidad and Oman. Proman also has services business in petrochemical plant operations, petrochemical and power plant construction, product marketing and logistics, and project management. Proman also own natural gas reserves both onshore in the United States and offshore in Trinidad. Proman is present on four continents and has approximately 1,500 employees worldwide.
CFEn is an affiliate company of Comisión Federal de Electricidad created as a result of the Mexico Energy Reform promoted by president Enrique Peña Nieto. CFEn markets 3.1 billion cubic feet per day of natural gas. Among CFEn clients are generation companies, industrials, distribution companies and now with GPO the petrochemical industry.
Houston-based G2X Energy develops, owns and operates production facilities that convert natural gas to methanol for the US and international markets. Transforming natural gas by leveraging existing infrastructure and proven conversion technologies, G2X meets the demand for cost-competitive methanol and chemicals using abundant, clean, domestic US natural gas.
SOURCE G2X Energy, Inc.