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Nassef Sawiris’ OCI targets ammonia project completion amid $1 billion payout
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Nassef Sawiris’ OCI targets ammonia project completion amid $1 billion payout
Key PointsOCI is finalizing its Beaumont New Ammonia plant, a cornerstone of its low-carbon push, set to commission in 2025 amid its broader strategic overhaul.The company plans a $1 billion capital distribution in May 2025, pushing total shareholder payouts to $6.4 billion in four years under Sawiris' leadership.Despite volatile markets, OCI posted resilient Q1 2025 performance, with strong Natgasoline utilization and disciplined cost cuts aidi…
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