OCIP 2017 Results Up

OCI Partners LP, Nederland, Texas, reported net income of $24 million on revenues of $343 million for the year ending Dec. 31, 2017, compared to 2016’s net loss of $51 million on revenues of $258 million. The 2017 results are preliminary and unaudited, and were posted with the U.S. SEC Feb. 5 in anticipation of the company meetings with debt investors. 2017 EBITDA was put at $126.6 million, up from 2016’s $58.6 million. The company cited higher methanol prices for the improved results.