ADVERTISEMENT
2 /3 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Business

Orascom Buys U.S. Chemical Facility

by Alexander H. Tullo
May 23, 2011 | APPEARED IN VOLUME 89, ISSUE 21

Egypt’s Orascom Construction Industries has formed a joint venture with Janus Methanol that gives Orascom control of an idle ammonia/methanol plant in Beaumont, Texas. Off-line since 2004, the plant can make 250,000 metric tons of ammonia and 750,000 metric tons of methanol per year. Janus agreed to purchase the site from Eastman Chemical earlier this year. Eastman, in turn, bought the plant from Terra Industries in 2007, intending it to be the centerpiece of a $1.6 billion project to make chemicals from petroleum coke. Orascom and Janus plan to spend $65 million to restart the plant this year.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment