{"id":754617,"date":"2023-05-03T20:11:39","date_gmt":"2023-05-04T00:11:39","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/oci-global-and-nustar-sign-agreement-to-deliver-ammonia-into-the-midwest\/"},"modified":"2023-05-03T20:11:39","modified_gmt":"2023-05-04T00:11:39","slug":"oci-global-and-nustar-sign-agreement-to-deliver-ammonia-into-the-midwest","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/oci-global-and-nustar-sign-agreement-to-deliver-ammonia-into-the-midwest\/","title":{"rendered":"OCI Global and NuStar Sign Agreement to Deliver Ammonia into the Midwest"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>OCI Global and NuStar Sign Agreement to Deliver Ammonia into the Midwest<\/b><\/p>\n<p>SAN ANTONIO&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nOCI Global (Euronext: OCI) and NuStar Energy L.P. (NYSE: NS) announced today that their affiliates have entered into an agreement for OCI Global (\u201cOCI\u201d) to transport ammonia on a new segment of NuStar Pipeline Operating Partnership L.P.\u2019s (\u201cNuStar\u201d) Ammonia Pipeline System.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20230503006007\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230503006007\/en\/<\/a><\/p>\n<p>\nUnder the arrangement, NuStar will install a new 14-mile pipeline segment that will connect OCI\u2019s Nitrogen facility in Wever, Iowa with NuStar\u2019s existing 2,000-mile anhydrous ammonia pipeline, which originates in Louisiana and flows northbound to various points in the Midwest, including Iowa.<\/p>\n<p>\nOCI\u2019s facility uses ammonia to make fertilizer and produce DEF (Diesel Exhaust Fluid), which reduces emissions from diesel engines in cars, as well as light and heavy-duty trucks, farming equipment and other heavy machinery.<\/p>\n<p>\n\u201cWe are pleased to partner with OCI to better serve the area\u2019s agricultural needs by delivering more ammonia to help meet fertilizer demand for local and regional farmers and by providing additional ammonia to serve as feedstock for upgraded products,\u201d said NuStar Chairman and CEO Brad Barron. \u201cWe expect this healthy-return, low-capital project to meaningfully increase utilization of our system in 2024 and we are excited about the growing interest in ammonia \u2013 to reduce emissions and supply the globe \u2013 which we expect to generate significant additional opportunities for even greater utilization of our Ammonia Pipeline System over the next several years.\u201d<\/p>\n<p>\nThe agreement has been executed by both companies and commits NuStar to provide transportation services under a long-term arrangement. To facilitate the project, OCI has committed $30 million in capital expenditures for new ammonia cooling and storage infrastructure. The proposed infrastructure will allow OCI to economically transport ammonia from the Gulf Coast and capitalize on its existing storage capacity.<\/p>\n<p>\nOCI, which owns and operates U.S. ammonia production facilities in Wever, Iowa and Beaumont, Texas, is expected to bring an additional 1.1 million tons of blue ammonia capacity online in 2025 in the Gulf Coast.<\/p>\n<p>\n\u201cWe are excited to work with NuStar, a leader in safe and responsible midstream operations. This highly cost-effective project will allow us to safely and sustainably reach new customers, strengthens our position in the premium U.S. Midwest market and is one further step in our ammonia logistics,\u201d said OCI Global CEO Ahmed El-Hoshy. \u201cAs one of the most efficient manufacturing plants in the nation, OCI Nitrogen, Iowa is leading the way in providing U.S. farmers a stable, high-quality source of nitrogen fertilizer products. Our plant in Iowa has been central to our U.S. operations since starting up in 2017 and we look forward to continued investment in the region.\u201d<\/p>\n<p><strong>About OCI Global<\/strong><\/p>\n<p>\nOCI Global is a global leader in nitrogen, methanol and hydrogen, driving forward the decarbonization of the energy-intensive industries that shape, feed and fuel the world. OCI\u2019s production capacity spans four continents and comprises approximately 16.7 million metric tons per year of hydrogen-based products including nitrogen fertilizers, methanol, biofuels, diesel exhaust fluid, melamine, and other products. OCI Global has more than 4,000 employees, is headquartered in the Netherlands and listed on Euronext in Amsterdam.<\/p>\n<p>\nLearn more about OCI Global at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.oci-global.com&amp;esheet=53393284&amp;newsitemid=20230503006007&amp;lan=en-US&amp;anchor=www.oci-global.com&amp;index=1&amp;md5=e870acee95c464413da3931dda4c1f28\">www.oci-global.com<\/a>. You can also follow OCI Global on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2FOCI_Global&amp;esheet=53393284&amp;newsitemid=20230503006007&amp;lan=en-US&amp;anchor=Twitter&amp;index=2&amp;md5=2a87a2d85b981ce13ebd1a2c385a0fe9\">Twitter<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fociglobal%2Fmycompany%2F%3FviewAsMember%3Dtrue&amp;esheet=53393284&amp;newsitemid=20230503006007&amp;lan=en-US&amp;anchor=LinkedIn.&amp;index=3&amp;md5=90ebfd2ff758f3f6ff60ba2a20daa2e5\">LinkedIn.<\/a><\/p>\n<p><strong>About NuStar<\/strong><\/p>\n<p>\nNuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership\u2019s combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. For more information, visit NuStar Energy L.P.\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.nustarenergy.com&amp;esheet=53393284&amp;newsitemid=20230503006007&amp;lan=en-US&amp;anchor=www.nustarenergy.com&amp;index=4&amp;md5=af619885219b96dacd3b907d97ed8a46\">www.nustarenergy.com<\/a> and its Sustainability page at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fsustainability.nustarenergy.com%2F&amp;esheet=53393284&amp;newsitemid=20230503006007&amp;lan=en-US&amp;anchor=https%3A%2F%2Fsustainability.nustarenergy.com%2F&amp;index=5&amp;md5=62626cc2ca1fae8593037c03e9b691e6\">https:\/\/sustainability.nustarenergy.com\/<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230503006007r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230503006007\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230503006007\/en\/<\/a><\/span><\/p>\n<p><b>OCI Global Investor Relations<br \/>\n<\/b><br \/><b>Hans Zayed<\/b>, Director<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:hans.zayed@oci-global.com\">hans.zayed@oci-global.com<br \/>\n<\/a><br \/>Tel: +31 (0) 6 18 251 367<\/p>\n<p><b>OCI Global Communications<br \/>\n<\/b><br \/><b>Gillian Daines<\/b>, Global Head of Communications<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:gillian.daines@oci-global.com\">gillian.daines@oci-global.com<br \/>\n<\/a><br \/>Tel: +44 (0) 7752 785826<\/p>\n<p><b>NuStar Investor Relations<br \/>\n<\/b><br \/><b>Pam Schmidt<\/b>, Vice President<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:pam.schmidt@nustarenergy.com\">pam.schmidt@nustarenergy.com<br \/>\n<\/a><br \/>Tel: (210) 918-2854<\/p>\n<p><b>NuStar Communications<br \/>\n<\/b><br \/><b>Mary Rose Brown<\/b>, Executive Vice President<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:maryrose.brown@nustarenergy.com\">maryrose.brown@nustarenergy.com<br \/>\n<\/a><br \/>Tel: (210) 918-2314<\/p>\n<p><b>KEYWORDS:<\/b> Texas Iowa United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Energy Other Energy Utilities Oil\/Gas<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230503006007\/en\/1783361\/3\/OCIlogo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20230503006007\/en\/1783475\/3\/NuStar.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>OCI Global and NuStar Sign Agreement to Deliver Ammonia into the Midwest SAN ANTONIO&#8211;(BUSINESS WIRE)&#8211; OCI Global (Euronext: OCI) and NuStar Energy L.P. (NYSE: NS) announced today that their affiliates have entered into an agreement for OCI Global (\u201cOCI\u201d) to transport ammonia on a new segment of NuStar Pipeline Operating Partnership L.P.\u2019s (\u201cNuStar\u201d) Ammonia Pipeline System. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230503006007\/en\/ Under the arrangement, NuStar will install a new 14-mile pipeline segment that will connect OCI\u2019s Nitrogen facility in Wever, Iowa with NuStar\u2019s existing 2,000-mile anhydrous ammonia pipeline, which originates in Louisiana and flows northbound to various points in the Midwest, including Iowa. OCI\u2019s facility uses ammonia to make fertilizer and produce DEF (Diesel &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oci-global-and-nustar-sign-agreement-to-deliver-ammonia-into-the-midwest\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;OCI Global and NuStar Sign Agreement to Deliver Ammonia into the Midwest&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-754617","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>OCI Global and NuStar Sign Agreement to Deliver Ammonia into the Midwest - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/oci-global-and-nustar-sign-agreement-to-deliver-ammonia-into-the-midwest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OCI Global and NuStar Sign Agreement to Deliver Ammonia into the Midwest - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"OCI Global and NuStar Sign Agreement to Deliver Ammonia into the Midwest SAN ANTONIO&#8211;(BUSINESS WIRE)&#8211; OCI Global (Euronext: OCI) and NuStar Energy L.P. (NYSE: NS) announced today that their affiliates have entered into an agreement for OCI Global (\u201cOCI\u201d) to transport ammonia on a new segment of NuStar Pipeline Operating Partnership L.P.\u2019s (\u201cNuStar\u201d) Ammonia Pipeline System. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230503006007\/en\/ Under the arrangement, NuStar will install a new 14-mile pipeline segment that will connect OCI\u2019s Nitrogen facility in Wever, Iowa with NuStar\u2019s existing 2,000-mile anhydrous ammonia pipeline, which originates in Louisiana and flows northbound to various points in the Midwest, including Iowa. 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(NYSE: NS) announced today that their affiliates have entered into an agreement for OCI Global (\u201cOCI\u201d) to transport ammonia on a new segment of NuStar Pipeline Operating Partnership L.P.\u2019s (\u201cNuStar\u201d) Ammonia Pipeline System. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230503006007\/en\/ Under the arrangement, NuStar will install a new 14-mile pipeline segment that will connect OCI\u2019s Nitrogen facility in Wever, Iowa with NuStar\u2019s existing 2,000-mile anhydrous ammonia pipeline, which originates in Louisiana and flows northbound to various points in the Midwest, including Iowa. 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