Latest news with #TransitionIndustries
Business Wire
4 days ago
- Business
- Business Wire
Autonomous University of Sinaloa (UAS) and Pacifico Mexinol initiate study to assess the economic impact of the project in northern Sinaloa
LOS MOCHIS, Sinaloa, Mexico--(BUSINESS WIRE)--As part of an ongoing joint effort between the academic and commercial sectors, stemming from a Collaboration Agreement between the Autonomous University of Sinaloa (UAS) and Pacifico Mexinol (a subsidiary of Transition Industries) signed in 2024, this new phase of the project will continue to transparently document and study the economic effects of the world's largest ultra-low-carbon methanol plant, located near Topolobampo, Ahome, Sinaloa. This project not only furthers our commitment to partnering with higher education institutions but will also provide much-needed data on the true economic development benefits for Sinaloa. The Pacifico Mexinol project is aligned with the UN Sustainable Development Goals by promoting the use of clean energy, the utilization of treated wastewater, and climate change mitigation. It also protects local ecosystems and is expected to generate thousands of jobs, driving the region's economic development. 'Transparency of information is one of our core values. This project not only furthers our commitment to partnering with higher education institutions in the state to support research, training, and development programs, but will also provide much-needed data on the true economic development benefits for Sinaloa provided by Pacífico Mexinol.' Karin Nunan, Head of Corporate Affairs, Transition Industries. This study seeks to quantify the economic impacts of the Pacifico Mexinol project, as well as generate transparent and useful information for decision-making that benefits nearby communities. By identifying local development opportunities, social needs, and potential risks, the analysis will contribute to the design of strategies that promote the harmonious integration of the project with its surroundings under Pacifico Mexinol's Good Neighbor Program and the Project's IFC-aligned Environmental and Social Impact Assessment (ESIA) for economic inclusion, community participation, and respect for the rights of local populations. Overall, the study represents a key tool for ensuring that industrial development translates into shared well-being and equitable growth. 'Based on the Institutional Development Plan With a Vision for the Future 2029, the National Development Plan, and President Sheinbaum's Mexico Plan, the Autonomous University of Sinaloa is firmly committed to strategic engagement for local, national, regional, and global development, helping to integrate and strengthen, together with the commercial sector, a more just, equitable, sustainable, productive, and humanistic Mexico, and thus generate synergies with society to maximize this development hub presented by our President and Pacífico Mexinol.' Dr. Jesús Madueña Molina, Rector. The analysis will be developed through a combination of three complementary approaches: 1) Structural econometrics, to model causal relationships between key economic variables, 2) Machine learning, to detect complex patterns in large volumes of data and simulate future scenarios, and 3) Input-output matrices, to estimate the multiplier effects of the project on the regional economy. Given that economic simulators only exist at the national level in Mexico, collaboration will be sought with the National Institute of Statistics, Geography, and Informatics (INEGI) to adapt models and parameters to the local context, thus increasing the accuracy of the estimates. Dr. Luis Armando Becerra Pérez holds a PhD in Economics from the Autonomous University of Baja California (UABC), with a postdoctoral degree in Renewable Energy and Sustainability. He holds a Master's degree in Economics from UNAM and a Bachelor's degree in Economics from UAS. He is currently a full-time professor and researcher at the Faculty of Economic and Social Sciences at UAS, and a member of the National System of Researchers (SNI) Level II. His research focuses on bioenergy, environmental economics, and sustainable development, with notable publications in national and international journals. He has held academic residencies at international universities such as Yale and Harvard, as well as at institutions in Canada, Colombia, and Brazil, and has been recognized with the Sinaloa State Journalism Award. About the Autonomous University of Sinaloa (UAS) The Autonomous University of Sinaloa (the third largest of the State Public Universities nationwide) comprises an academic, scientific, technological, athletic, and cultural space where diverse expressions of universal thought coexist harmoniously. The cultivation of science, technology, and the humanities translates into increasingly vigorous academic activities. Through the General Directorate of Research and Graduate Studies and the Technology Transfer Office attached to this directorate, the UAS seeks to protect inventions generated at the UAS and promote the transfer of knowledge that contributes to the economic development of the region, the country, and the world. For more information, please email ott@ About Transition Industries Transition Industries LLC, based in Houston, Texas, develops global-scale, net-zero carbon methanol and green hydrogen projects in North America to address climate change and promote environmental and social sustainability. For more information about Pacífico Mexinol or Transition Industries, please email inquiries@
Business Wire
01-07-2025
- Business
- Business Wire
Transition Industries簽署全球最大的獨立超低碳化學品生產設施Pacifico Mexinol專案策略協議
墨西哥市--(BUSINESS WIRE)--(美國商業資訊)-- 北美地區世界一流規模的淨零碳排放甲醇及綠色氫氣專案開發商 Transition Industries LLC 與由 Samsung E&A Co., Ltd. (Samsung E&A)、Grupo Samsung E&A Mexico, S.A. de C.V.以及 Techint Engineering and Construction 組成的聯盟就位於位於墨西哥錫那羅亞州阿奧梅市的 Pacifico Mexinol 專案簽署了工程總承包(EPC)合約。本次簽約儀式在滿足特別先決條件及獲得全部必要核准後正式生效。 MAIRE 集團旗下科技公司NextChem透過其子公司KT TECH SpA，就為該專案供應NX AdWinMethanol®Zero專有技術的事宜，與Samsung E&A簽署了基礎工程設計、關鍵和專利設備供應協議。 Transition Industries正在與World Bank Group成員 International Finance Corporation (IFC)合作開發Pacifico Mexinol專案。該專案計畫於2029年投產，屆時將成為全球最大的獨立超低碳化學品生產設施——每年透過碳捕捉技術和天然氣生產約35萬公噸綠色甲醇及180萬公噸藍色甲醇。 Transition Industries執行長Rommel Gallo表示：「今天的簽約儀式是Pacifico Mexinol專案的重大里程碑，讓我們得以展示與韓國Samsung E&A、墨西哥Techint及義大利MAIRE Group的世界一流創新與合作。這也為2025年專案動工奠定基礎，兌現我們在墨西哥打造全球最具永續性大型專案的堅定承諾。」 出席活動的包括聯邦、州和市政官員，以及參與這一全球性專案的各國大使。 IFC代表亦到場見證，其他策略商業合作夥伴也將為專案提供綠色氫能、全球最大工業廢水循環利用系統等尖端科技與工程方案。 Transition Industries預期今年夏天將簽署更多策略協議並實現重要里程碑。該專案擬做為規模化超低碳化學品典範案例，亮相2025年11月在巴西貝倫舉行的第30屆聯合國氣候變遷大會(COP30)。 免責聲明：本公告之原文版本乃官方授權版本。譯文僅供方便瞭解之用，煩請參照原文，原文版本乃唯一具法律效力之版本。
Yahoo
30-06-2025
- Business
- Yahoo
Transition Industries Signs Strategic Agreements for the Pacifico Mexinol Project, the Largest Standalone Ultra-Low Carbon Chemical Production Facility in the World
Pacifico Mexinol project, a 6,130 MT per day ultra-low carbon methanol production facility worth more than US$3.3b will be located near Topolobampo, Ahome, Sinaloa. Once operational in 2029, Pacifico Mexinol is poised to be the largest standalone ultra-low carbon chemical production facility in the world. MEXICO CITY, June 30, 2025--(BUSINESS WIRE)--Transition Industries LLC, a developer of world-scale, net-zero carbon emissions methanol and green hydrogen projects in North America, held a signing event for an Engineering, Procurement, and Construction (EPC) contract with the consortium of Samsung E&A Co., Ltd. (Samsung E&A), Grupo Samsung E&A Mexico, S.A. de C.V., and Techint Engineering and Construction for the Pacifico Mexinol project located in Ahome, Sinaloa, Mexico, which is contingent upon the fulfillment of customary conditions precedent and obtainment of all required approvals. MAIRE group's technology division NextChem, through its subsidiary KT TECH SpA, also signed a Basic Engineering, Critical and Proprietary Equipment Supply Agreement with Samsung E&A in connection with its proprietary NX AdWinMethanol®Zero technology supply to the project. Transition Industries is jointly developing the Pacifico Mexinol project with the International Finance Corporation (IFC), a member of the World Bank Group. When it initiates operations in 2029, Pacifico Mexinol is poised to be the largest standalone ultra-low carbon chemical production facility in the world – producing approximately 350,000 MT of green methanol and 1.8 million MT of blue methanol annually from carbon capture and natural gas. "Today's signing ceremony represents a significant milestone for the Pacifico Mexinol project, enabling us to showcase our world-class innovation and partnerships with Samsung E&A of South Korea, Techint of Mexico and MAIRE Group of Italy. It also puts us on track to break ground in 2025 and begin delivering on our unwavering commitment to build the world's most sustainable large-scale project in Mexico," says Rommel Gallo, CEO of Transition Industries. The event was attended by federal, state and municipal government officials, as well as ambassadors from the countries involved in this multi-national project. IFC was also present at the ceremony, along with other strategic commercial partners that will deliver key aspects of state-of-the-art technology and engineering to the project, including green hydrogen and the largest industrial wastewater recycling and use program globally. Transition Industries expects to sign additional strategic agreements and reach significant milestones this summer. The project is expected to be presented as an example of an ultra-low carbon chemicals project at scale at COP 30 in Belem, Brazil in November 2025. About Transition Industries Transition Industries LLC, based in Houston, Texas, is a developer of world-scale, net-zero carbon emissions methanol and green hydrogen projects in North America to address climate change and promote environmental and social sustainability. For additional information about Pacifico Mexinol or Transition Industries, email inquiries@ View source version on Contacts Karn NunanGlobal Head of Corporate Affairsinquiries@ Sign in to access your portfolio
National Post
30-06-2025
- Business
- National Post
Transition Industries Signs Strategic Agreements for the Pacifico Mexinol Project, the Largest Standalone Ultra-Low Carbon Chemical Production Facility in the World
Article content Pacifico Mexinol project, a 6,130 MT per day ultra-low carbon methanol production facility worth more than US$3.3b will be located near Topolobampo, Ahome, Sinaloa. Article content Once operational in 2029, Pacifico Mexinol is poised to be the largest standalone ultra-low carbon chemical production facility in the world. Article content MEXICO CITY — Transition Industries LLC, a developer of world-scale, net-zero carbon emissions methanol and green hydrogen projects in North America, held a signing event for an Engineering, Procurement, and Construction (EPC) contract with the consortium of Samsung E&A Co., Ltd. (Samsung E&A), Grupo Samsung E&A Mexico, S.A. de C.V., and Techint Engineering and Construction for the Pacifico Mexinol project located in Ahome, Sinaloa, Mexico, which is contingent upon the fulfillment of customary conditions precedent and obtainment of all required approvals. Article content Today's signing ceremony between Transition Industries, Samsung E&A, Techint and MAIRE Group represents a significant milestone towards the development of the Pacifico Mexinol project. Article content MAIRE Article content group's technology division NextChem, through its subsidiary KT TECH SpA, also signed a Basic Engineering, Critical and Proprietary Equipment Supply Agreement with Samsung E&A in connection with its proprietary NX AdWinMethanol®Zero technology supply to the project. Article content Transition Industries is jointly developing the Pacifico Mexinol project with the International Finance Corporation (IFC), a member of the World Bank Group. When it initiates operations in 2029, Pacifico Mexinol is poised to be the largest standalone ultra-low carbon chemical production facility in the world – producing approximately 350,000 MT of green methanol and 1.8 million MT of blue methanol annually from carbon capture and natural gas. Article content 'Today's signing ceremony represents a significant milestone for the Pacifico Mexinol project, enabling us to showcase our world-class innovation and partnerships with Samsung E&A of South Korea, Techint of Mexico and MAIRE Group of Italy. It also puts us on track to break ground in 2025 and begin delivering on our unwavering commitment to build the world's most sustainable large-scale project in Mexico,' says Rommel Gallo, CEO of Transition Industries. Article content The event was attended by federal, state and municipal government officials, as well as ambassadors from the countries involved in this multi-national project. Article content IFC was also present at the ceremony, along with other strategic commercial partners that will deliver key aspects of state-of-the-art technology and engineering to the project, including green hydrogen and the largest industrial wastewater recycling and use program globally. Article content Transition Industries expects to sign additional strategic agreements and reach significant milestones this summer. The project is expected to be presented as an example of an ultra-low carbon chemicals project at scale at COP 30 in Belem, Brazil in November 2025. Article content Article content Article content
Business Wire
30-06-2025
- Business
- Business Wire
Transition Industries Signs Strategic Agreements for the Pacifico Mexinol Project, the Largest Standalone Ultra-Low Carbon Chemical Production Facility in the World
BUSINESS WIRE)-- Transition Industries LLC, a developer of world-scale, net-zero carbon emissions methanol and green hydrogen projects in North America, held a signing event for an Engineering, Procurement, and Construction (EPC) contract with the consortium of Samsung E&A Co., Ltd. (Samsung E&A), Grupo Samsung E&A Mexico, S.A. de C.V., and Techint Engineering and Construction for the Pacifico Mexinol project located in Ahome, Sinaloa, Mexico, which is contingent upon the fulfillment of customary conditions precedent and obtainment of all required approvals. Today's signing ceremony between Transition Industries, Samsung E&A, Techint and MAIRE Group represents a significant milestone towards the development of the Pacifico Mexinol project. Share MAIRE group's technology division NextChem, through its subsidiary KT TECH SpA, also signed a Basic Engineering, Critical and Proprietary Equipment Supply Agreement with Samsung E&A in connection with its proprietary NX AdWinMethanol®Zero technology supply to the project. Transition Industries is jointly developing the Pacifico Mexinol project with the International Finance Corporation (IFC), a member of the World Bank Group. When it initiates operations in 2029, Pacifico Mexinol is poised to be the largest standalone ultra-low carbon chemical production facility in the world – producing approximately 350,000 MT of green methanol and 1.8 million MT of blue methanol annually from carbon capture and natural gas. 'Today's signing ceremony represents a significant milestone for the Pacifico Mexinol project, enabling us to showcase our world-class innovation and partnerships with Samsung E&A of South Korea, Techint of Mexico and MAIRE Group of Italy. It also puts us on track to break ground in 2025 and begin delivering on our unwavering commitment to build the world's most sustainable large-scale project in Mexico,' says Rommel Gallo, CEO of Transition Industries. The event was attended by federal, state and municipal government officials, as well as ambassadors from the countries involved in this multi-national project. IFC was also present at the ceremony, along with other strategic commercial partners that will deliver key aspects of state-of-the-art technology and engineering to the project, including green hydrogen and the largest industrial wastewater recycling and use program globally. Transition Industries expects to sign additional strategic agreements and reach significant milestones this summer. The project is expected to be presented as an example of an ultra-low carbon chemicals project at scale at COP 30 in Belem, Brazil in November 2025.
