OCI to expand Texas methanol, ammonia complex

Orascom Construction Industries (OCI) will spend $100 million on a debottlenecking project at its methanol complex in Beaumont, Texas, the company said on Tuesday.

The project will increase methanol capacity by 25% to 875,000 tpy. It will also raise ammonia capacity by 15% to 292,000 tpy.

OCI said it will adhere to the "highest safety standards in the industry" during its expansion operations.

The projects are scheduled for completion in the second half of 2014, with full financial impact in 2015.

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