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Alfa studies natgas alternatives

Bnamericas
Mexican conglomerate Alfa is analyzing energy sources to reduce its dependence on natural gas, which it considers too expensive, local press quoted president and CEO Dionisio Garza Medina as saying. "This doesn't happen overnight," El Norte quoted Garza as saying in reference to the time needed to study alternative fuels. An Alfa spokesperson declined to elaborate on study details. Mexican companies pay US$4 for every 1 million BTUs (mBTU) of natural gas, while "in China they are making deals to... provide it to Chinese industry for US$2.5 [per mBTU]," El Norte quoted him as saying. Alfa's dependence on the high-cost fuel is reducing its profit margins, the papers reported. The conglomerate holds petrochemical, synthetic fibers, steel, food, automobile components and telecommunications interests.

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  • Company: Arteche México
  • In Mexico, Arteche is primarily an equipment supplier manufacturing of transformers and smart grid solutions. The Arteche ACP subsidiary focuses on project, design, development,...