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OCI Enters U.S. Ammonia-Methanol Market

11:19 AM MDT | May 31, 2011 | —LINDSEY BEWLEY

Orascom Construction Industries (OCI; Cairo), which operates nitrogen fertilizer plants in Egypt, Algeria, and the Netherlands, has acquired a majority stake in an integrated ammonia-methanol plant located at Beaumont, TX. OCI acquired the plant through a joint venture with Janus Methanol (Basel, Switzerland), Pandora Methanol, in which OCI holds slightly more than a 50% stake. 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...

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