PEMEX Expands Mandate to Include Renewables, Geoenergy

PEMEX will diversify its energy portfolio to include renewable sources and geoenergy, following the approval of its new Organic Statute by the Administrative Council on May 22, 2025. This move aims to diversify Mexico's energy mix and reduce its reliance on fossil fuel production.

The updated statute outlines PEMEX's participation in the exploration of hydrogen fields and geoenergy projects. The NOC will also explore electricity generation projects based on renewable energy sources such as solar, wind, and hydro power. Additionally, PEMEX plans to engage in the generation of biofuels, including biodiesel and sustainable aviation fuel.

One initiative to promote clean energy use includes establishing a photovoltaic generation network for self-consumption. This involves installing solar panels on the rooftops of PEMEX franchised service stations, aiming for energy savings and reduced greenhouse gas emissions.

In geoenergy, PEMEX anticipates geothermal projects and electricity generation at existing assets, such as disused offshore platforms. Mexico possesses high meteorological and oceanic potential from tides, currents, waves, and wind, which can be leveraged with these out-of-operation platforms. The company also plans specific projects to reduce gas flaring.

Furthermore, PEMEX is collaborating with the Federal Electricity Commission on three cogeneration power plants. These, located at the Tula and Salina Cruz refineries and the Cangrejera Petrochemical Complex, are projected to generate an estimated 2,422MW. Their purpose is to use residual heat from industrial plants to produce electricity efficiently. Operations for these plants are expected to begin in 2029 and 2030.

The diversification of Mexico's energy sources is considered essential for strengthening the country's energy resilience and reducing its vulnerability to international market price fluctuations. This effort requires collaboration among authorities, businesses, and communities to achieve energy sovereignty.