How has ANIQ been working with the team of the recently elected president, Claudia Sheinbaum?

If you look at the foreign investment figures Mexico received in 2023, you will see record numbers. It was the highest year for investments, with many coming from new sources. Statistics for Q1 2024 show even higher investments, suggesting that we might attract even more this year. 

We held meetings with Claudia Sheinbaum's transition team prior to her taking office in early October to discuss the chemical industry's role in the energy transition. This collaboration with the Government is essential for building a comprehensive policy that promotes renewable energy and sustainability, especially in the context of nearshoring, which Mexico has to leverage. I think we must navigate the energy transition in a way that benefits the industry, improves our competitiveness, fosters innovation, better supports other industries, and drives economic growth in Mexico.

Our agenda includes improving energy infrastructure and water management, as recent water shortages in areas like Tampico halted chemical production for weeks. By collaborating on these issues, we aim to enhance the renewable energy matrix and boost the country's investment potential. The upcoming administration has shown great willingness to engage with what they consider priority sectors like the chemical and petrochemical industries. 

What can you tell us about ANIQ's new sustainability report?

We have been closely monitoring the performance of the chemical industry in Mexico and have seen significant improvements. For instance, we have reduced water consumption per ton produced by over 50% and significantly reduced the generation of hazardous waste reaching aquifers. Additionally, we track sustainability metrics, including workplace accidents, which have markedly decreased per hour worked.

What areas should Mexico focus on to improve its chemical industry?

Electricity prices in Mexico vary by region and are, on average, 25 to 30% higher than in the Gulf region. Therefore, achieving more competitive electricity prices is crucial. Another critical issue is integrating renewable energy into our electricity matrix. This shift aligns with Mexico's commitments under the Paris Agreement to reduce emissions and ensures that Mexican exports do not face additional environmental taxes in critical markets.

In what ways is ANIQ improving its communication and public engagement strategies?

ANIQ previously lacked a communication department. This year, however, we hired a communications specialist to simplify and effectively convey our messages. We are now actively publishing content, engaging on social media, updating our website, and preparing to launch a podcast focused on the energy transition and different industry topics. Under the new leadership of Claudia Márquez, ANIQ is implementing a strategy to highlight the chemical industry's significance in the economy, and how the sector contributes to society's well-being.

Moreover, we are encouraging young people to pursue careers in science to address the gap between Mexico’s strong engineering enrollment and the chemical industry’s growing demand. Despite its high remuneration, the industry is often underrepresented and poorly marketed. We need to showcase the industry's benefits and opportunities better so that students can make informed decisions about pursuing careers in this field.

What will be ANIQ's top priorities from 2024 onwards?

One of our key priorities besides sustainability is the USMCA (T-MEC) review. Starting next year, we will discuss this with our counterparts from the US and Canada. Mexico's chemical and petrochemical sector is highly significant, with a value exceeding US$55 billion in 2023. It represents the country's largest industrial trade share, with 60% of this trade directed towards the US. Therefore, maintaining favorable conditions in the free-trade agreement, such as rules of origin and customs regulations, is essential to support this level of trade.

Mexico must improve supply chains and adapt ports, maritime, and rail infrastructure to leverage nearshoring to support new investments. However, it also needs to consider the ongoing review of the USMCA.

We have not yet conducted a detailed analysis of the scenarios that could unfold after the US elections. The outcome is beyond our control; however, I firmly believe that Mexico must become competitive and create the right conditions to attract nearshoring. The conditions are within our control as a country, regardless of external factors. When everyone is on the same page and working towards a common goal, achieving success becomes much simpler, and we must foster an environment that attracts foreign investment.