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Markets :: Basic Chemicals :: Petrochemicals :: Methanol

Janus and OCI Nitrogen Form Methanol and Ammonia JV on U.S. Gulf Coast

12:32 PM MDT | May 16, 2011 | Lindsey Bewley

OCI Nitrogen (Geleen, the Netherlands), a subsidiary of Orascom Construction Industries (OCI; Cairo) says it has acquired an integrated ammonia-methanol plant located at Beaumont, TX through a joint venture with Janus Methanol (Basel, Switzerland). OCI acquired the plant through the jv, named Pandora Methanol, in which OCI holds 50% plus 1 share.   Janus Methanol, a newly formed project development company led by former Methanex executive Deo van Wijk, purchased the plant from Eastman Chemical late last year. The plant has the capacity to produce 250,000...

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