11 June 2015
BioMCN is one of Europe’s largest methanol producers and
owns two methanol plants, of which
one is operational (production capacity of 440 ktpa) and
one mothballed (430 ktpa).
The plant site is located at the
Chemical Park Delfzijl, The Netherlands,
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.
VIEW BIOMCN Bio-Ethanol Sales Specification
Applications
Bio-methanol is an extremely versatile product,
which can either be used as a fuel in its own right or
as a feedstock for other environmentally friendly fuels:
DETAILS
today announced it has reached agreement
to acquire BioMCN,
a methanol producer and pioneer in bio-methanol production
based in The Netherlands, for EUR 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.
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% is used in
transportation fuel applications.
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 OCI Beaumont in Texas
with a production capacity of 913 ktpa.
OCI will add
another 1.75 mtpa of capacity at Natgasoline,
a new world-scale greenfield methanol plant
under construction on a site adjacent to OCI Beaumont.
READ MORE OCI CLOSE BIOMCN ACQUISTION
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