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OCI Acquires Dutch Methanol Plants

by Alexander H. Tullo
June 22, 2015 | A version of this story appeared in Volume 93, Issue 25

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Credit: BioMCN
A close-up of pipes in one of BioMCN’s Dutch methanol plants.
A closeup of pipes in BioMCN’s Dutch methanol plant.
Credit: BioMCN
A close-up of pipes in one of BioMCN’s Dutch methanol plants.

To get a foothold in the European methanol market, the methanol and fertilizer maker OCI NV has agreed to acquire BioMCN for $17 million. BioMCN owns two methanol plants in Delfzijl, the Netherlands—one running, one idle—each with more than 400,000 metric tons of annual capacity. BioMCN purchased the plants in a bid to make methanol from glycerin. A BioMCN affiliate that purifies glycerin, Dutch Glycerin Refinery, is not included in the deal.

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