Regulatory Filings • Feb 14, 2014
Regulatory Filings
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Amsterdam, the Netherlands / 13 February, 2014 5:30 PM
OCI N.V. (NYSE Euronext: OCI) announced today that its wholly owned subsidiary Natgasoline LLC has taken a major step in the development of its new greenfield world-scale methanol plant in Beaumont, Texas, by signing license and engineering design agreements with Air Liquide, the world leader in gases, technologies and services for Industry and Health.
Air Liquide's engineering and construction division, Air Liquide Global E&C Solutions, will supply its proven and efficient Lurgi MegaMethanol® process technology to achieve Natgasoline's design capacity of 1.75 million metric tons per annum. Lurgi methanol technology is also used at OCI Partners L.P.'s methanol and ammonia production facility located adjacent to Natgasoline's site in Beaumont, Texas.
The design of all basic engineering works for the methanol plant will be provided by Air Liquide's engineering teams. The design allows for detailed design, engineering, and the procurement of proprietary equipment, thereby fasttracking the construction of the plant. Engineering works have already started and procurement of long lead items is expected to begin later this month.
Nassef Sawiris, OCI N.V.'s Chief Executive Officer, commented: "We are pleased to have chosen Air Liquide as our technology partner, a key milestone in OCI N.V.'s natural gas monetization strategy. We expect to sign the engineering, procurement and construction contract by the end of March 2014, and remain committed to begin commercial methanol production at Natgasoline LLC in Q4 2016."
OCI N.V. is a global producer of natural gas-based chemicals and an engineering & construction contractor based in the Netherlands. The 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 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 75,000 people in 35 countries and is listed on the NYSE Euronext in Amsterdam.
World leader in gases, technologies and services for Industry and Health, Air Liquide is present in 80 countries with close to 50,000 employees and serves more than 2 million customers and patients. Oxygen, nitrogen and hydrogen have been at the core of the company's activities since its creation in 1902. Air Liquide's ambition is to be the leader in its industry, delivering long-term performance and acting responsibly.
Air Liquide ideas create value over the long term. At the core of the company's development are the commitment and constant inventiveness of its people.
Air Liquide anticipates the challenges of its markets, invests locally and globally, and delivers high-quality solutions.
The company relies on competitiveness in its operations, targeted investments in growing markets and innovation to deliver profitable growth over the long-term.
Air Liquide's revenues amounted to € 15.3 billion in 2012, and its solutions that protect life and the environment represented around 40% of sales. Air Liquide is listed on the Paris Euronext stock exchange (compartment A) and is a member of the CAC 40 and Dow Jones Euro Stoxx 50 indexes.
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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