The JV was created to meet the rising need of food-grade CO2 for
which is currently undersupplied by around 80,000 tons per year, and used in the carbonation of soft
drinks, beer, and mineral water, among others.
This venture is well aligned with the three pillars of Alpek's Long-Term Strategic Growth Plan:
Foster a Circular Economy:
Sustainable Product Portfolio: Alpek intends to continue growing its share of products that
promote a lower carbon footprint and are well aligned with a fully circular economy. The
proposed CO2 recovery facility would be a carbon negative asset, helping Alpek reduce its carbon
footprint, as the company works towards full carbon neutrality.
Strategic & Focused Growth:
Product Innovation: When Alpek began negotiating the sale of CGA to
both companies were already contemplating the construction of a CO2 recovery facility. In this
sense, this venture represents the fruit of a proactive mindset of both teams. Our Innovation
team will continue to actively look for new products that can help Alpek grow by drawing on its
core strengths.
Strengthen the Core Business:
Value Added Products: This venture diversifies Alpek's portfolio with a new product that can be
commercialized through its existing PET customer base, moving us further into new, attractive
and growing markets.ir@alpek.com
www.alpek.com
aelizondo@alpek.com
T. +52(81)8748-1146
abustamante@alpek.com
T. +52(81)8748-1146
'This project is very attractive from both an ESG as well as a financial perspective,' said
Valdez, Alpek CEO. 'It combines the operational excellence of both partners alongside
expertise in carbon capture and Alpek's ability to leverage its long-standing customer relationships in an
effort to better serve their diverse needs.'
The facility being considered would have a nameplate capacity of 70,000 tons per year and could be
completed as early by late 2022. Detailed engineering studies and commercial due diligence will be
carried out to arrive at a final investment decision ('FID') by the end of 3Q21.
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