Egypt-based cement producer and construction contractor Orascom Construction Industries subsidiary OCI Fertilizer International has agreed to acquire 100% of the shares in Micro Chemie, an ammonia terminal operator.
Micro Chemie owns and operates ammonia storage tanks with a combined storage capacity of 30,000 tonnes in the Port of Rotterdam. The terminal has a permit to receive up to 600,000 tonnes a year of ammonia and to deliver up to 550,000 a year.
The Europoort terminal 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.
The acquisition of Micro Chemie will, in the future, allow us to receive ammonia from the Groups 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 Groups 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, OCI Nitrogen CEO Renso Zwiers comments.