Middle East Economic Survey
OCI Acquires Stake In US Ammonia-Methanol Plant
Egypts Orascom Construction Industries (OCI) announced on 16 May that its wholly owned subsidiary, OCI Nitrogen (Netherlands) has acquired equity in an integrated ammonia-methanol in Beaumont, Texas. OCI acquired 50% plus 1 share in the company through a joint venture with Janus Methanol, named Pandora Methanol. The plant is currently being upgraded, with ammonia production expected...