Regulatory Filings • Apr 20, 2018
Regulatory Filings
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Amsterdam, The Netherlands / 20 April 2018
OCI N.V. (Euronext: OCI) today announced, in partnership with Consolidated Energy Limited (CEL), that Natgasoline LLC, its jointly owned greenfield methanol production facility located in Beaumont, Texas, has achieved the major milestone of mechanical completion. Natgasoline is expected to have a capacity of 5,000 metric tons per day and will be the largest methanol production facility in the United States.
This achievement signals that construction and pre-commissioning activities are substantially complete for the facility. Operations of the plant have now been handed over to Natgasoline for final commissioning and start-up, with first production of methanol expected in the second quarter of 2018.
The refurbishment of BioMCN's second methanol production line in the Netherlands is also on track and the line is expected to start production in the fourth quarter of 2018. Including OCI's 50% proportionate share in Natgasoline, the expanded BioMCN operations and OCI Partners, OCI's methanol group's capacity is expected to reach 2.8 million metric tons by the end of 2018, effectively doubling OCI's current methanol asset footprint and positioning OCI as one of the largest merchant methanol producers globally.
OCI N.V. (Euronext: OCI) is a global producer and distributor of natural gas-based fertilizers & industrial chemicals based in the Netherlands. OCI produces nitrogen fertilizers, methanol and other natural gas based products, serving agricultural and industrial customers from the Americas to Asia. OCI is a leading global nitrogen fertilizer producer with over 9.6 million metric tons of capacity. OCI is also on track to become one of the world's largest methanol producers with almost 3.7 million tons of capacity. OCI is listed on Euronext in Amsterdam.
CEL is the second largest producer of methanol in the world with 4.1 million metric tons per annum of installed capacity through its 100% subsidiary Methanol Holdings (Trinidad) Limited ("MHTL"). MHTL is the largest methanol exporter to North America and significant producer of fertilizer products. CEL further owns three strategic, minority stakes via Oman Methanol Company LLC ("OMC"), a world scale methanol plant in Sohar, Oman, Nitrogen (2000) Unlimited ("N2000"), an ammonia plant and storage facility in Trinidad and Caribbean Nitrogen Company Limited ("CNC"), an ammonia plant and storage facility in Trinidad.
OCI N.V. Investor Relations Department:
Hans Zayed Director Email: [email protected]
Tel: +31 (0) 6 18 251 367
For additional information on OCI:
OCI stock symbols: OCI / OCI.NA / OCI.AS / OCINY
Honthorststraat 19 1071 DC Amsterdam The Netherlands
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