OCI Partners LP Completes all Pre-Turnaround and Pre-Shutdown Works on its Beaumont Facility
NEDERLAND, Texas, Jan. 30, 2015 /PRNewswire/ -- OCI Partners LP (NYSE: OCIP) ("the Partnership") announced today that it has completed all pre-turnaround and pre-shutdown works on its Beaumont facility. The Partnership also announced today that it has shut down its facility to commence its planned turnaround and complete its debottlenecking project that will increase its methanol and ammonia production capacities by 25% and 15% respectively. Methanol and ammonia production capacities are expected to be 912,500 metric tons and 304,775 metric tons per annum after completion of the project.
In addition to upgrading the capacities of both production lines, the scope of the debottlenecking project is also to: install a Selective Catalytic Reduction unit to reduce NOx emissions from the facility's reformer, a Saturator to reduce energy consumption and waste water generated from the facility and a new Flare System.
The turnaround is expected to improve the reliability factor of both production lines after completion, as some of the equipment that has caused technical issues in the past is either replaced or refurbished.
The Partnership expects to restart its upgraded ammonia and methanol production lines in approximately 4 weeks and 8 weeks respectively.
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.
Forward-Looking Statements
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.
Contacts:
Omar Darwazah
Director
Investor Relations
Phone: +1 917-434-7734
[email protected]
www.ocipartnerslp.com
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SOURCE OCI Partners LP
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