Entity

Petroquímica Mexicana de Vinilo, S.A. de C.V. (PMV) is a Mexican petrochemical company operating a chlor-alkali and by-products production complex at the Complejo Petroquímico Pajaritos in Coatzacoalcos, Veracruz. Originally established in 1981 as a state-owned enterprise, it was incorporated in its current form in 2013 as a joint venture between Mexichem (now Orbia) and PEMEX Etileno (PPQ-CP), and has been a wholly-owned subsidiary of Orbia since July 2018 following Mexichem's acquisition of Pemex's stake. It operates within Orbia's Polymer Solutions business group under the Vestolit brand.

Ownership History

April 2016 Explosion

On April 20, 2016, a major explosion in the Clorados III VCM/PVC unit killed 32 contractors and injured approximately 140 workers. The VCM and PVC units were never rebuilt, permanently curtailing PMV's downstream integration. Only chlor-alkali and ethylene operations subsequently resumed.