Regulatory Filings • Jul 22, 2014
Regulatory Filings
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Amsterdam, the Netherlands / 21 July, 2014 5:35 PM
OCI N.V.'s (NYSE Euronext: OCI) wholly owned subsidiary, Natgasoline LLC, has signed a long-term agreement with Air Liquide for the supply of 2,400 metric tons of oxygen per day.
Oxygen is a significant raw material in the production of methanol. Natgasoline LLC is expected to have a capacity of up to 5,000 metric tons per day (tpd), equivalent to approximately 1.75 million metric tons per annum (mtpa), and is expected to start production in late 2016. Located in Beaumont, Texas, it will be the first methanol facility of this scale in the United States and will be the country's largest methanol production facility based on nameplate capacity.
Nassef Sawiris, Chief Executive Officer of OCI N.V., commented: "This is a significant milestone in the development of Natgasoline LLC. We are pleased to continue to work with Air Liquide, who are also supplying Natgasoline LLC with Lurgi MegaMethanol® process technology."
OCI N.V. is a global producer of natural gas-based chemicals and an engineering & construction contractor based in the Netherlands. The Fertilizer & Chemicals segment produces nitrogen fertilizers, methanol and other natural gas based products, serving agricultural and industrial customers from the Americas to Asia. We rank among the world's largest nitrogen fertilizer producers with current production capacity of nearly 7 million metric tons in the Netherlands, the United States, Egypt and Algeria. We are also the largest merchant methanol producer in the United States. The Engineering & Construction segment provides international engineering and construction services primarily on infrastructure, industrial and high-end commercial projects in the United States, Europe, the Middle East, North Africa and Central Asia for public and private clients. It ranks among the world's top global contractors. OCI N.V. employs more than 72,000 people in 35 countries and is listed on Euronext in Amsterdam.
Hans Zayed Director Email: [email protected]
Erika Wakid Email: [email protected]
Tel: +31 (0) 6 18 251 367
For additional information on OCI N.V.:
OCI N.V. stock symbols: OCI / OCI.NA / OCI.AS / OCINY
Mijnweg 1, 6167 AC Geleen, The Netherlands
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