On September 11, 2024, Soluciones Químicas para el Campo y la Industria S.A de C.V, a NACAG partner plant operator, finalized a contract with a local Mexican firm for the supply and installation of tertiary abatement technology to reduce nitrous oxide (N2O) emissions at its nitric acid plant. This technology is projected to abate over 107,000 tons of CO2 equivalent (CO2e) annually, which is comparable to removing approximately 25,530 gasoline-powered passenger vehicles from the road or saving around 248,353 barrels of oil annually.
As a market leader in the production of nitrogen fertilizers in Mexico with more than five decades of operational expertise., Soluciones Químicasannually produces approximately 44,550 tons of nitric acid In August 2022, following the successful completion of a rigorous due diligence process, Soluciones Químicas entered into a grant agreement with NACAG for financing the N2O abatement and monitoring technology at its plant in Minatitlán, Veracruz. This agreement initiated preparations for an international tender to procure advanced abatement technologies.
The procurement adhered to Mexico’s public procurement standards, ensuring transparency, fairness, and competitive selection. Additionally, an independent third-party audit confirmed the efficiency and effectiveness of the process, ensuring optimal resource utilization and a robust solution.
The winning bid offers an innovative value proposition that enhances collaboration between the private sectors of Europe and Mexico. The proposal includes a scheme where a European company will design the blast reactor, while a local Mexican firm will handle its manufacturing and installation, fostering synergies and cooperation between both regions‘ industries.
This contract represents a historic milestone as the first global acquisition of nitrous oxide abatement technology funded by the NACAG initiative. It underscores Mexico’s commitment to NACAG, as formalized in the Statement of Undertaking signed in December 2019, marking a key step in the implementation of N2O reduction strategies.
