BANOBRAS the Financial Arm for Federal Infrastructure Projects
This week, the National Bank of Works and Public Services (BANOBRAS) consolidated as the fifth-largest financial institution in Mexico. CEMEX is seeking to introduce concentrated solar energy in its cement production.
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BANOBRAS Is Now Mexico’s Fifth Largest Financial Institution
BANOBRAS is now ranked among the Top Five financial institutions in Mexico. Its growing importance is mainly driven by President López Obrador’s major infrastructure projects like the Mayan Train, the main destination of the bank’s resources.
Agua Prieta-Bavispe Highway to Improve Trade, Travel TimesThe Ministry of Infrastructure, Communications and Transport (SICT) announced the completion of a new state axis in Sonora that will improve travel times in the region, while enhancing economic, social and commercial development. The highway is also expected to boost trade between Mexico and Arizona, the US.
López Obrador Inaugurates Highway to AIFA
President López Obrador visited the State of Mexico to inaugurate the highway access to the Felipe Ángeles International Airport (AIFA), one of his most important and controversial infrastructure projects. The highway is expected to cut travel times for airport users and boost logistical capacities for companies. With the inauguration of this project, AIFA’s connectivity plan comes close to completion.
CEMEX, Sandia Labs, Synhelion to Produce Cement With Solar Energy
CEMEX, Sandia National Laboratories and Synhelion have launched the Solar MEAD project, which seeks to introduce new concentrated solar power technology to rapidly produce cement. This technique will also help the industry’s goal of producing net-zero carbon emissions by 2050.
Mexico’s Steel Producers Are Ready to Meet the Rising Demand
After the announcement of a potential Tesla investment in Mexico, steel producers expressed their willingness to participate in the company’s production supply chain. The steel sector stated that it is prepared for the forecasted increase in demand and is ready to other companies, too, as it has the required technology.
2023 Trends in Sustainability
Alicia Silva, President, Sustentabilidad para México (SUMe), tells us about the impact of the visits of Canadian Prime Minister Justin Trudeau and US President Joe Biden to Mexico, where the leaders put a series of environmental issues on the table. These issues will affect Mexico no matter which president is in turn. New terms like Net zero goals, decarbonization and green mobility are a trend that is here to stay and we must address them if we want to preserve our business and lifestyle.
Hidalgo’s Government to Develop Pachuca-AIFA Rail Link
The federal government’s efforts to improve connectivity to the Felipe Ángeles International Airport (AIFA) are drawing the attention of local governments that also want to connect with AIFA and Mexico City, as is the case of Hidalgo, whose state government believes a railway connection could boost the local economy and social conditions.