Pemex & Global Water Development Partners/Blackstone Announce the Signing of a Memorandum of Understanding to Develop Water-f...
May 12 2015 - 10:00AM
Business Wire
Petroleos Mexicanos ("Pemex"), and Global Water Development
Partners (“GWDP”), founded by private equity funds managed by
Blackstone, announced the signing of a Memorandum of Understanding
(MOU) focused on the creation of a partnership to invest in water
and wastewater infrastructure for Pemex’s upstream and downstream
facilities.
The Pemex/GWDP Partnership would accelerate Pemex’s efforts to
design, implement and finance critical and
environmentally-conscious solutions for its oil and gas water and
wastewater treatment operations. Jose Manuel Carrera, General
Director of PMI commented, “The partnership will enable Pemex to
better focus its financial resources on its core business, while
addressing its water and wastewater needs with a world-class
partner like Global Water Development Partners. In addition to
providing a source of financing, the partnership will facilitate
access to the industry’s most advanced technology and integrated
full-service water systems for all of Pemex’s water supply and
wastewater treatment needs at both its onshore and offshore oil
production facilities, refineries and petrochemical plants.”
Sean Klimczak, Senior Managing Director of Blackstone, said,
"Blackstone is very excited to partner with Pemex in its
mission-critical oil and gas-related water and wastewater treatment
efforts.” Last year, Blackstone established Global Water
Development Partners, as a platform for expanding investment in the
global water and waste sector. GWDP’s CEO Usha Rao-Monari
commented, “We look forward to partnering with Pemex to provide
innovative and sustainable water solutions throughout its value
chain."
About Pemex
Pemex is the most important company in Mexico and one of the
largest in Latin America and the biggest tax contributor to the
Mexican government. Pemex has become one of the few fully
integrated oil companies, developing its entire productive chain:
exploration, production, industrial processing/refining, logistics
and marketing.
Its business involves a complex myriad of installations and
advanced technology, yet the core of the company is its experienced
and trained personnel. Pemex carries out extensive exploration and
extraction projects every year, generating approximately 2.5
million barrels of oil daily and more than 6 million of cubic feet
of natural gas.
It has 6 refineries, 8 petrochemical complexes and 9 gas
processing complexes, where it produces multiple refined products
in order to attend to customer’s needs in different segments.
Logistically, Pemex has 83 land and maritime terminals, as well
as oil and gas pipelines, maritime vessels, and varying fleets of
ground transportation in order to supply over 10,000 service
stations throughout the country.
Pemex seeks to continuously be a socially responsible company
that works under stringent safety, job, health and environmental
protection standards. It actively participates in protecting and
contributing to the communities where it operates by making
significant donations to public works, environmental protection and
community building projects with the goal of improving health and
welfare. All this facts positions Pemex as competitive oil company
worldwide.
About Global Water Development Partners
GWDP was launched by Blackstone in 2014 as the first formal
attempt by a mainstream private equity player to support companies
with critically needed capital to create long-term and sustainable
water facilities, develop desalination facilities and large-scale
wastewater treatment for industrial customers, and identify,
develop, finance, construct and operate large-scale independent
water development projects. GWDP combines its own management team's
extensive knowledge and sectoral experience with Blackstone's
expertise as an active investor and developer
of infrastructure projects.
About Blackstone
Blackstone Energy Partners is Blackstone’s energy-focused
private equity business, with a successful record built on
Blackstone’s industry expertise and partnerships with exceptional
management teams. Blackstone has invested approximately $8 billion
of equity globally across a broad range of sectors within the
energy industry.
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with over $300 billion in assets under management,
include investment vehicles focused on private equity, real estate,
public debt and equity, non-investment grade credit, real assets
and secondary funds, all on a global basis. Blackstone also
provides various financial advisory services, including financial
and strategic advisory, restructuring and reorganization advisory
and fund placement services. Further information is available at
www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
BlackstoneChristine Anderson, + 1 212 583
5182christine.anderson@blackstone.com
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