Orascom Construction Industries (OCI) confirmed yesterday that OCI Fertilizer International (a Fertilizer Group subsidiary) has signed an agreement to acquire 100% of the shares in MICRO Chemie. It owns and operates ammonia storage tanks with a combined storage capacity of 30,000 tons. The terminal has a permit to receive up to 600,000 tons per year of ammonia and to deliver up to 550,000 per year.
The terminal, located in the Europoort area, has waterway access comprised of two jetties, which can accommodate both large tankers and smaller barges. These waterways provide access to the Rhine River through which the majority of European inland shipping is routed, allowing delivery to France, Germany and the Netherlands. In addition, the terminal is also accessible by a 160 km railway network running from the south and the east of Rotterdam up to, respectively, the Belgian and German borders.
OCI Nitrogen Chief Executive Officer, Renso Zwiers commented “the acquisition of MICRO Chemie B.V. offers significant synergies to the Group. It will, in the future, allow us to receive ammonia from the Group’s other production sources with a connection to a critical in-land transportation hub. The ammonia supply will also ensure additional security of ammonia supply to the Group’s Geleen production complex in the Netherlands where ammonia is also produced and consumed in the manufacture of Calcium Ammonium Nitrate and by neighbouring third party chemical producers.”
The terminal, located in the Europoort area, has waterway access comprised of two jetties, which can accommodate both large tankers and smaller barges. These waterways provide access to the Rhine River through which the majority of European inland shipping is routed, allowing delivery to France, Germany and the Netherlands. In addition, the terminal is also accessible by a 160 km railway network running from the south and the east of Rotterdam up to, respectively, the Belgian and German borders.
OCI Nitrogen Chief Executive Officer, Renso Zwiers commented “the acquisition of MICRO Chemie B.V. offers significant synergies to the Group. It will, in the future, allow us to receive ammonia from the Group’s other production sources with a connection to a critical in-land transportation hub. The ammonia supply will also ensure additional security of ammonia supply to the Group’s Geleen production complex in the Netherlands where ammonia is also produced and consumed in the manufacture of Calcium Ammonium Nitrate and by neighbouring third party chemical producers.”