OCI Nitrogen Acquires Integrated Ammonia-Methanol Plant in Texas

May 16, 2011

OCI Nitrogen Acquires Integrated Ammonia-Methanol Plant in Texas through a Joint Venture with Janus Methanol AG

Orascom Construction Industries (OCI) announced today that its wholly owned subsidiary, OCI Nitrogen (Netherlands), has acquired an integrated ammonia-methanol plant located in Beaumont, Texas, on the Gulf Coast of the United States. OCI acquired the plant through a joint venture with Janus Methanol AG (Janus), named Pandora Methanol LLC, in which OCI holds 50% plus 1 share.