Home / Knowledge / News / Textiles / Netherlands based OCI acquires methanol producer BioMCN
Netherlands based OCI acquires methanol producer BioMCN
Jun '15
Netherlands based producer of industrial chemicals OCI N.V. said it will acquire BioMCN, a methanol producer and pioneer in bio-methanol production also based in the Netherlands for €15 million.

“BioMCN’s glycerin activities are not part of the transaction and will be continued under the name of Dutch Glycerin Refinery B.V.,” OCI added in a press release.

BioMCN is one of Europe’s largest methanol producers and owns two plants, of which, one is operational and has a production capacity of 440 KTPA and another, which is mothballed with capacity of 430 KTPA.

The plant site is located at the Chemical Park Delfzijl in the Netherlands, which is connected to the national natural gas grid and has easy logistical access to major European end markets via road, rail, barge and sea freight.

According to OCI, the acquisition creates a foothold for OCI in the European methanol market.

“Methanol consumption in Western Europe is currently more than 7 million tons per year, of which approximately 30 per cent is used in transportation fuel applications,” it informed.

It further added, “Europe currently imports more than 5 million tons of methanol and this deficit is expected to continue to increase for the foreseeable future.”

OCI N.V. currently produces methanol in the United States at the OCI Beaumont facility in Texas with a production capacity of 913 KTPA.

OCI will add another 1.75 MTPA capacity plant, a new world-scale green-field methanol plant under construction on a site adjacent to OCI Beaumont.

Excluding BioMCN’s mothballed facility with capacity of 430 KTPA; the new acquisition will take OCI N.V.’s methanol capacity to 1.35 million MTPA.

Recently, OCI Beaumont successfully completed its debottlenecking project and planned turnaround.

The debottlenecking project increased the facility’s design capacity to 331 KTPA and 913 KTPA for the ammonia and methanol lines, respectively.

“Since completion of the project, the methanol production line has operated at the new design capacity,” the industrial chemicals producer observed.

OCI N.V. CEO Nassef Sawiris said, “This is an important addition to our natural gas-based portfolio of products at a time when natural gas prices are becoming more favourable in Europe.”

“We are firm believers in the methanol industry and its growth prospects and this acquisition gives us a foothold in both the European methanol markets and in the bio-methanol market,” Sawaris too added.

OCI N.V. listed on NYSE Euronext in Amsterdam, is a global producer and distributor of natural gas-based fertilisers & industrial chemicals based in the Netherlands.

It produces nitrogen fertilisers, methanol and other natural gas basedproducts, serving agricultural and industrial customers from the Americas to Asia. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Mike Preston, executive director of the Arkansas Economic Development Commission (AEDC), signing MoU with Tang from Suzhou Tianyuan Garments company. Courtesy: Government of Arkansas

Apparel/Garments | On 21st Oct 2016

Suzhou Tianyuan to open $20 mn garment factory in US

Suzhou Tianyuan Garments company, a Chinese manufacturer of casual...

Textiles | On 21st Oct 2016

Pakistan’s textile exports fall 5.96% y-o-y in Q1 FY17

The value of textile and garment exports made by Pakistan decreased...

Textiles | On 21st Oct 2016

ITMA Asia + CITME 2016 opens with record exhibitors

The fifth ITMA ASIA + CITME 2016 exhibition opened today in Shanghai, ...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search