OCI Ramp-Up of Methanol Capacity
Iowa Fertilizer Company | Continues to Push Maximum Capacity Higher
IFCO Reaches Record Utilization Rates
■ IFCO reaches record utilization levels following 4-week
debottlenecking in Q3 2019, and at better gas efficiency:
Consistent performance during 2019 YTD
◉
Record of 117% of nameplate capacity reached in September
2019 despite warm weather (which generally limits
production)
IFCO is expected to continue to benefit from increasing MPC
in 2020
DEF volumes also continue to ramp up:
IFCO Reaches Record Utilization Rates Ammonia (Production kst)
300
250
81%
200
77%
150
100
50
110% 120%
109% 107%
104% 103%
98% 97%
100%
80%
60%
40%
0
20%
Q2'17
Q3'17 Q4'17 Q1'18 Q2'18
Q3'18 Q4'18 Q1'19 Q2'19
Production (KST)
Capacity Efficiency %
OCI
Higher margin product with less seasonality than fertilizers;
market growth in the US >15%
IFCO on target to double DEF sales volumes in 2019 (from
c.260kt in 2018), further strong growth expected in 2020
towards 1 mtpa capacity
Diesel Exhaust Fluid Volumes Set to Double (Production kst)
180
160
140
120
100
80
60
40
20
0
Q2'17 Q3'17
Q4'17 Q1'18 Q2'18
Q3'18
Q4'18 Q1'19 Q2'19
Production (KST)
Capacity Efficiency %
80%
60%
40%
20%
0%
9800
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