OCI Partners LP Restarts its Beaumont Facility after Conducting Repairs on the Reformer
NEDERLAND, Texas, Aug. 29, 2014 /PRNewswire/ -- OCI Partners LP (NYSE: OCIP) ("the Partnership") announced today that it is starting up the methanol plant at its Beaumont facility after conducting essential repairs on its reformer. The facility is expected to restart production of methanol during the next two days.
As a result of the repairs, the ammonia unit was down for approximately 2 days and the methanol unit would have been down for approximately 9 days including the time required to restart the plant.
As previously reported the Partnership has scheduled a turnaround of the facility during the fourth quarter of 2014 which is expected to improve the facility's technical reliability factor significantly post completion.
About OCI Partners LP
OCI Partners LP owns and operates a recently upgraded, integrated methanol and ammonia production facility that is strategically located on the Texas Gulf Coast near Beaumont. The facility currently has a maximum methanol production capacity of 730,000 metric tons per year and a maximum ammonia production capacity of 265,000 metric tons per year.
This press release contains forward-looking statements. Statements that are predictive in nature, that depend upon or refer to future events or conditions or that include the words "believe," "expect," "anticipate," "intend," "estimate" and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters identify forward-looking statements. These forward-looking statements involve certain risks and uncertainties, including, among others, that our business plans may change as circumstances warrant. For more information concerning factors that could cause actual results to differ materially from those conveyed in the forward-looking statements, please refer to the "Risk Factors" section of OCI Partners LP's Annual Report on Form 10-K, filed with the U.S. Securities and Exchange Commission. OCI Partners LP undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, changed circumstances or otherwise, unless required by law.
SOURCE OCI Partners LP