OCI moves turnaround
OCI Partners LP, Nederland, Texas, reported that it has pushed its planned turnaround, which will be used to tie-in debottlenecks at its ammonia and methanol plants at Beaumont, Texas, to January 2015, rather than the originally planned fourth-quarter 2014. The turnaround will take 4 weeks for the ammonia plant and 7-8 for methanol.
OCI also boosted the cost estimate for the debottleneck to $242-$250 million from the most recent estimate of $220-$230 million.
OCI Partners third-quarter net income was down 21 percent to $19 million on revenues of $90 million from the year-ago $24 million and $96 million, respectively. OCI said the performance was off due to a lower capacity utilization rate on the ammonia production line and lower methanol prices.