BioMCN to Invest €100 Million to Double Capacity

1 September 2017

Key highlights

OCI N.V. announced a €100 million investment to refurbish BioMCN's second methanol production line.
The refurbishment will create 30 permanent jobs and several hundred indirect jobs.
The production line will produce 438,000 tons of methanol annually.
Commissioning is expected to start in Q4 2018.

Investment Announcement

OCI N.V. (Euronext: OCI), BioMCN’s parent company, has announced a significant investment of €100 million to refurbish the second methanol production line at BioMCN, located at Chemical Park Delfzijl.

Job Creation

The refurbishment project is expected to create approximately 30 new permanent jobs at the site. Additionally, several hundred indirect jobs will be generated during the refurbishment phase.

Production Capacity

Once operational, the refurbished production line will have the capacity to produce 438,000 tons of methanol per year. This will nearly double BioMCN’s current production capacity.

Timeline

The plant is scheduled to start commissioning in the fourth quarter of 2018.

Project timeline

Execution

2017-09

Completed

2018-11