Business Wire

Pacífico Mexinol Celebrates the Symbolic Groundbreaking in Topolobampo, Positioning Mexico in the New Low-Carbon Chemical Industry

24.4.2026 02:29:00 CEST | Business Wire | Press release

Share

The initiative brings together governments, diplomats, and global investors around a Net Zero industrial model. The project establishes Topolobampo, Sinaloa as a key hub for industrial development in North America.

The Pacifico Mexinol project (“Mexinol”) celebrated the beginning of its pre-construction phase by symbolically laying a first stone, marking the start of one of the most significant global industrial investments in blue and ultra-low carbon methanol. The event brought together diplomats, authorities, and national and international business leaders, reflecting the project’s strategic importance for Mexico and its integration into the emerging low-carbon economy.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260423775301/en/

Adolfo Murietta, Project Shareholder; Rommel Gallo, CEO Transition Industries; Ron Johnson, United States Ambassador to Mexico; Drew Hoster, Counsel General of the United States in Hermosillo, Sonora. Photo courtesy of: Luz Noticias.

The ceremony was led by Rommel Gallo, CEO of Transition Industries, Mexinol’s parent company, alongside the United States Ambassador to Mexico, Ron Johnson; the Undersecretary of Trade and Industry at the Ministry of Economy, Dr. Vidal Llerenas; the Director General of International Affairs at the Ministry of Energy, Dr. Laila Porras; and the Director of CFEnergía, Eréndira Corral.

Multilateral organizations also participated — including the International Finance Corporation (IFC), a member of the World Bank Group — along with international investors, representatives of development finance institutions, export credit agencies from the United States, Italy, Germany, and South Korea, federal officials, and executives from global companies involved in the project’s development. Messages were also received from the Ambassadors of Japan and Italy, reflecting the broad international and financial support for this initiative.

In his keynote address, Rommel Gallo, CEO of Transition Industries, highlighted:

“Mexinol is a strategic platform for North America’s competitiveness, generating economic value and quality jobs in Mexico and the United States. Equally important, it integrates global resources, infrastructure, and capital to deliver a world-scale chemical facility. We are proud of the partnerships built to position Mexico as a key player in the new global chemical industry, strengthening its role in more sophisticated value chains and optimizing the use of resources, from wastewater to natural gas and green hydrogen.”

Ron Johnson, United States Ambassador to Mexico:

“We are not just breaking ground today. We are building the future of both of our countries and strengthening the kind of partnership that delivers tangible results for our people. Today marks an important milestone, not only for the Mexinol project, but for our bilateral relationship. Beyond cross-border jobs and development opportunities, we are here to support a private investment model based on trust, transparency, fairness, and the rule of law.”

Vidal Llerenas, Undersecretary of Trade and Industry at the Ministry of Economy:

“We recognize the support of the Mexican government for this strategic project for the industrial development of Sinaloa, which strengthens confidence to attract investment. Beyond the numbers, Pacifico Mexinol will generate jobs, opportunities, and economic development for the region. It is an initiative aligned with President Claudia Sheinbaum’s Plan México, promoting more balanced and sustainable growth in the country.”

Laila Porras, Director General of International Affairs at the Ministry of Energy:

“Pacifico Mexinol demonstrates that strategic collaboration between the State and the private sector can position Mexico as a reliable and competitive partner in the transition to cleaner energy, reinforcing its leadership and responsibility in the global climate agenda.”

World’s Largest Ultra-Low Carbon Facility

Pacifico Mexinol is designed as a next-generation facility under a Net Zero model, with engineering aimed at virtually eliminating the carbon footprint of the process. With an investment exceeding $3.3 billion, the project seeks to transform methanol production—a key input for the global economy—through a sustainable and competitive approach.

Field engineering work and site preparation will begin next month with full construction scheduled to begin in late 2026. When it initiates operations in late 2029 to early 2030, Mexinol is expected to be the largest ultra-low carbon chemicals facility in the world – producing approximately 1.8 million MT of blue methanol and 350,000 MT of ultra-low carbon methanol annually.

Developed by Transition Industries, with participation from the IFC, the project incorporates international partnerships, including an ultra-low-emission methanol supply agreement with Mitsubishi Gas Chemical of Japan. It is also integrated into the Topolobampo Development Hub, positioning the region as a key center for industrial development in North America, generating more than 6,000 construction jobs and at least 450 direct and indirect permanent jobs during operations.

A Local and Global Good Neighbor Model

Project representatives from key companies involved in the future construction and operation of the facility, such as SAMSUNG E&A (S. Korea), Techint Engineering and Construction (Mexico), Grupo Maire / NextChem / KT Tech (Italy), Siemens Energy (Germany), Bonatti (Italy), SIAD Group (Italy) Emerson (USA), Veolia (France), and CFEnergía (Mexico), participated in the event, along with investors and multilateral institutions.

Mexinol is committed to the highest environmental and sustainability standards, leveraging technology and innovation by the exclusive use of treated wastewater from the Municipality of Ahome; operation under a zero-discharge scheme into Ohuira Bay and local community water bodies; the utilization of existing port infrastructure; and the creation of a conservation zone to protect the region's ecosystem.

The event was interrupted by a group of protestors expressing their views. The company reiterated that Mexinol respects the right to peaceful expression and acknowledged that projects of this scale can generate strong perspectives. Mexinol had already opened the groundbreaking ceremony the day prior with a “Community Day” and a commitment to hold it annually on Earth Day. As part of its Good Neighbor Program, the company continues to formally recognize and value community participation in the project’s development through public dialogue, in front of the media, and always without violence.

About Transition Industries LLC

Transition Industries LLC, based in Houston, Texas, develops world-scale net-zero methanol and hydrogen projects across North America, aiming to address climate change and promote environmental and social sustainability. For more information about Pacifico Mexinol or Transition Industries, please contact: inquiries@transitionind.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260423775301/en/

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

FORTÉ Acquires Vega Global, APAC's Largest Systems Integrator, Expanding Global Reach26.8.2026 03:00:00 CEST | Press release

With new presence in Asia, FORTÉ serves customers in more than 70 cities worldwide – the largest global footprint in the industry FORTÉ, the leader in communication and collaboration solutions designed for the modern workplace, today announced its acquisition of Vega Global, APAC’s largest systems integrator and a leading provider of workplace technology and audiovisual solutions serving corporate, education, government and other market segments. With this acquisition, FORTÉ adds to its international presence, including established office locations in Hong Kong, Mainland China, India, Japan, Taiwan, Thailand, Singapore, Korea, Vietnam, Australia, Philippines, Malaysia, Macau, New Zealand, Indonesia, and United Arab Emirates. With its headquarters in Minneapolis, Minn., FORTÉ also has operations in the U.S., Ireland, Germany, Sweden, the United Kingdom, and Mexico. “Multinational organizations need strategic partners who can deliver consistent communication and collaboration experiences

Access Advance Launches Exploration Phase for an AV1/AV2 Device and Software Patent Pool, Invites Participation of Potential Licensors26.8.2026 02:00:00 CEST | Press release

Access Advance LLC announced today that in conjunction with the recent release of the AV2 video codec specification, it has launched the exploratory phase for a new patent pool covering devices and software implementing the AV2 video codec, as well as its predecessor AV1. During this exploratory phase, Access Advance will engage with market participants to seek their input, including holding pool formation discussions with potential licensors to gather their feedback on the scope, structure, and terms of a prospective program. All patent owners with a good-faith belief that they own or control AV1 and/or AV2 essential patents are invited to participate in the pool formation discussions. AV1 adoption is being driven largely by members of the Alliance for Open Media (“AOM”). AOM members such as Google, Meta, and Netflix increasingly utilize AV1 to deliver video, and adoption now spans smart TVs, streaming media players, mobile devices, web browsers, and chipsets. AV2, AOM’s successor to

Lattice to Showcase Industrial FPGA Innovations at FPGAWorld Conference 202625.8.2026 22:00:00 CEST | Press release

Lattice Semiconductor (NASDAQ: LSCC), the low power programmable and platform firmware leader, today announced its exhibition plan for the upcoming FPGAWorld Conference 2026, taking place on Sept. 8, 2026, in Stockholm, Sweden. As part of the event, Lattice will deliver technical presentations and host a demo showcase focused on how its low power FPGA solutions are advancing Industrial IoT and sensor bridging applications. Who: Lattice Semiconductor What / When (GMT+2): Tuesday, Sept. 8, 2026 Lattice Demo Showcase Presentations (Track: 12:20 – 13:35, Room Brave 05) “Solving Your Power Puzzle: Lattice FPGAs’ Path to Uncompromised Low Power” “Practical Security Fundamentals for FPGA Engineers” Where: AFRY, Frösundaleden 2A, 169 70 Solna, Sweden The FPGAWorld Conference is an international forum for researchers, engineers, teachers, students, and hackers. It covers topics such as complex analog/digital/software FPGA SoC systems, FPGA/ASIC-based products, educational and industrial cases,

France Becomes First Official Participant at Expo 2030 Riyadh25.8.2026 19:40:00 CEST | Press release

France is the first country to officially sign its Participation Contract for Expo 2030 Riyadh, a major milestone in its preparations and growing international momentum. The signing took place on the sidelines of the visit to France by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260825634516/en/ The ceremony in Paris was attended by H.H. Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, and Dimitri S. Kerkentzes, Secretary General of the BIE. The Participation Contract was signed by Talal Al-Marri, Chief Executive Officer of Expo 2030 Riyadh, and Jacques Maire, Chairman of the Compagnie Française des Expositions (COFREX). The agreement formally establishes France’s participation in Expo 2030 Riyadh, providing the framework for its presence throughout the six-month event. It spec

Saudi Arabia and BIE Sign See Agreement for Expo 2030 Riyadh, Advancing Framework for International Participation25.8.2026 19:17:00 CEST | Press release

The Kingdom of Saudi Arabia and the Bureau International des Expositions (BIE) have signed the See Agreement for Expo 2030 Riyadh, formally establishing the legal and administrative framework that will support Official Participants throughout their journey to the World Expo. The signing took place on the sidelines of the visit to France by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260825419959/en/ H.H. Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, and Dimitri S. Kerkentzes, Secretary General of the BIE, at the ceremony. The ceremony was attended by H.H. Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs of the Kingdom of Saudi Arabia, Dimitri S. Kerkentzes, Secretary General of the BIE, and Talal Al-Marri, CEO of Expo 2030 Riyadh. The See Agreement sets out the

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye