Natgasoline LLC subsidiary OCI NV plans building methanol plant in Beaumont, Texas, US

OCI to build methanol plant in Beaumont, US

4:33 AM, 26th November 2013
Natgasoline LLC subsidiary of OCI NV business news

GELEEN, THE NETHERLANDS: Natgasoline LLC, a wholly owned subsidiary of OCI NV, plans to build a new greenfield world scale methanol plant in Beaumont, Texas, US. The plant is expected to have a capacity of up to 1.75 million metric tonne per annum, and is expected to start production in late 2016. 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. The project will use state-of-the-art methanol technology and will incorporate best available environmental control technology.

“Following the success of OCI Beaumont’s facility, OCI is pleased to have selected the State of Texas once again to expand its North American methanol activities. We believe that the prospects for the US methanol industry will remain positive for the foreseeable future because of growing US and global demand, continued access to attractively priced natural gas feedstock and the United States’ current position as a net importer,” said Nassef Sawiris, Chief Executive Officer, OCI NV.

“Natgasoline LLC is well-positioned to supply methanol, an essential building block for numerous end-use products, to the domestic market and help reduce a substantial reliance on annual methanol imports into the country. OCI’s Construction Group will be involved in the construction of the plant, creating job opportunities in Texas and facilitating the completion of the project on schedule,” added Sawiris.

 

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