Abstract
In 2013, the Mexican government approved an ambitious energy reform that sought, among other things, to generate an industrial impact on other previously liberalized industries such as petrochemicals. However, despite being a reform full of opportunities, it is difficult to identify the role of the public company Pemex in the pursuit of these industrial objectives, which would help to clarify the limited role that the company has been playing in that industry over the last decades and to explain the disturbing results that it shows in the productive field even after the approval of the energy reform. This paper confirms how the industrial policy applied in Mexico since the 1980s substantially modified the role of Pemex in the petrochemical industry, which had a negative impact on the results of the company and helps to explain the serious situation in which it finds itself.
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