Finally, where the sustainability market is still in its infancy, developing sustainable products may be an important differentiator in Mexico:

Extend the loop function. Mexico is already a leader in plastic recycling. It can leverage existing recycling ecosystems to enhance the collection of plastic waste needed as raw materials. Incorporating chemical recycling into the mix of production methods to generate recyclable materials is necessary to meet the demand for recyclable content driven by domestic brands. Expanding recycling production to non-PET plastics and difficult-to-recycle PET applications will also enable Mexico's chemical industry to meet strong demand in export markets.

Industrial decarbonization with green hydrogen and green ammonia. Mexico is rich in solar and wind resources (e.g., solar in the north and wind in Oaxaca). Mexico could use these resources to become a leader in the supply of green hydrogen and green ammonia, helping to decarbonize the oil refining and chemical industries.

Along this path, Mexico needs to invest $60 billion to $75 billion in its chemical industry over the next 15 years (an average of $4 billion to $5 billion per year). That would be an unprecedented level of investment for Mexico, but countries such as India and Brazil have achieved it in recent decades; Strong cooperation mechanisms can strengthen long-term links between industry players and national authorities and encourage investment. Public and private research and development activities need to be encouraged to promote investment in specialty chemical, low-carbon chemical, and green hydrogen-based products.

ECHEMI --- The name originated from the abbreviation of “E-commerce of chemical”.

ECHEMI is a chemical supply chain service company headquartered in Hong Kong, providing chemical raw materials supply, research and analysis marketing, distribution, logistics, e-commerce, and after-sales services.