Proyecto Fénix (sometimes referred to in English as Project Phoenix) is the proposal for a million-ton Greenfield ethylene plant in Mexico. The project, which built on a prior proposal by Grupo Serbo, a real estate development company, was announced early in the Fox administration. In October 2004 three partners were announced: Grupo Idesa, Indelpro and Nova Chemicals. Unfortunately, negotiations could not overcome the disagreements over the pricing of government energy inputs, including electricity and natural gas.

Our reports on Projecto Fénix and natural gas pricing examine the details.