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    ALPEK A   MX01AL0C0004

ALPEK, S.A.B. DE C.V.

(ALPEK A)
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Contourglobal & Alpek to Capture and Utilize Co2 from Contour's 420 Mw Chp Serving Alpek

03/29/2021 | 04:01am EDT

ContourGlobal plc and ALPEK, S.A.B. de C.V. announced they have formed a new company that is developing a CO2 capture and liquefaction facility for sale to the food, beverage, and medical industries. The facility will be integrated into ContourGlobal's 420 MW Combined Heat and Power Plant located in Altamira, Mexico ("CGA") which provides electricity, heat and steam to Alpek and its affiliates. The new company will sustainably supply the rising need of food-grade CO2 in Mexico, which currently has a 80,000 tons per year deficit requiring expensive imports from the United States. The joint venture is well positioned to meet these supply shortfalls. For more than a decade ContourGlobal has been a leader in integrating CO2 capture and liquefaction into natural gas fired power plant operations, providing food grade CO2, and to date has captured over 300,000 tonnes of CO2. Contour has fully integrated five carbon capture facilities into power plant operations, and has maintained electricity generation reliability at or above levels of similar plants without CO2 capture. Its efforts have been recognized with numerous awards for innovation and environmental impact. Building on this expertise, ContourGlobal sees an opportunity to invest over $100 million in CO2 capture or utilization investments over the next 18 – 24 months.


© S&P Capital IQ 2021
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Financials
Sales 2021 130 B 6 450 M 6 450 M
Net income 2021 5 963 M 295 M 295 M
Net Debt 2021 20 096 M 994 M 994 M
P/E ratio 2021 8,83x
Yield 2021 5,83%
Capitalization 52 750 M 2 603 M 2 610 M
EV / Sales 2021 0,56x
EV / Sales 2022 0,55x
Nbr of Employees 6 488
Free-Float 99,7%
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Technical analysis trends ALPEK, S.A.B. DE C.V.
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TrendsBullishBullishBullish
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 24,99 MXN
Average target price 27,82 MXN
Spread / Average Target 11,3%
EPS Revisions
Managers and Directors
José de Jesús Valdez Simancas Chief Executive Officer
José Carlos Pons de la Garza Chief Financial Officer & Head-Administration
Armando Garza Sada Chairman
Francisco José Calderón Rojas Independent Director
Andrés Enrique Garza Herrera Independent Director
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