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Stock Market & Financial Investment News

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December 23, 2013
16:16 EDTOCIPOCI Partners acquires additional ammonia tank storage capacity
OCI Partners announced that it has acquired a 20,000 metric ton ammonia tank from Lucite International for additional ammonia storage capacity on-site at Beaumont, Texas. By acquiring the tank, OCI Partners LP will have additional ammonia storage capacity and access to an ammonia pipeline. The access to the pipeline will allow OCI Partners LP the flexibility to switch a larger portion of its ammonia sales via pipeline as opposed to barge providing more flexibility on a need-be basis. In addition, the acquisition of the ammonia tank will facilitate the installation of ammonia truck and railcar loading capacity which will help diversify OCI Partners LP's customer base.
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