The green energy and chemical company OCI Co. has inaugurate a factory that can annually produce 80,000 tons of “carbon black” in China, marking the acceleration of its foray into the world’s largest tire market.
OCI held a ceremony to officially inaugurate the plant of OCI Jianyang Carbon Black Co. (OJCB), located in Zaozhuang, Shandong Province in Eastern China.
OCI set up OJCB with its existing joint-venture partner, Zaozhuang Mining Group and started to jointly build the factory in June 2014. It has an annual output capacity of 80,000 tons. The plant, located on a site of 130,000 sq. meters, was dedicated in January 2015 and underwent a trial operation before it was brought online to start production.
OJCB plans to expand its annual capacity to 200,000 tons in the years to come.
Carbon black is a material produced by the incomplete combustion of coal tar, and it is mainly used as a reinforcing filer in tires and other rubber products. OJCB receives carbon black oil, a raw material of carbon black, from Shandong OCI, capable of refining coal tar of 380,000 tons annually.
OJCB can secure revenues by selling tailgas and waste steam, byproducts of producing carbon black, to combined cycle power plants of Zaozhuang Mining Group and Shandong OCI, respectively.
OCI President Lee Woo-hyun said, “It is significant for us to have synergetic effects with China’s largest mining group, Zaozhuang Mining Group, by making the most of the technology and experiences that have been so far accumulated to make a foray into the Chinese market, and OCI, the supplier of Korean tire makers, is now able to brace for their entry into China.” OCI is now capable of producing 270,000 tons of carbon black annually, most in the nation.
OCI Solar Power Builds 1st Solar Power Farm in Mexico and Latin America
OCI held a ceremony to mark the installation of panels at its 13.6 kw solar power farm, Los Santos I, on May 15 with a slew of local and Korean dignitaries.
San Antonio-based OCI Solar Power has its first project in Mexico through a solar farm partially financed by North American Development Bank, fulfilling a promise to create new business in 2016. As part of a 20-year power-purchase agreement, OCI Solar is taking over construction, ownership and operation of the Los Santos I solar farm in Moctezuma, Chihuahua.
Located roughly halfway between the sprawling border city of Ciudad Juarez and the state capital of Chihuahua, the 13.6-megawatt solar farm was originally developed by San Antonio-based clean energy company Buenavista Renewables, which secured $40 million in financing from the San Antonio-based NADBank and the Washington, D.C.-based Overseas Private Investment Corporation, or OPIC.
Buenvista Renewables approached OCI Solar to invest in the project in August 2015. OCI Solar Power Director of Commercial Development Randy Jenks said the company quickly jumped at the opportunity to enter Mexico's emerging solar energy market. "This was an opportunity that had more than just the value of the project," Jenks said.
In addition to being OCI Solar's first project in Mexico, Los Santos I is the largest solar farm in Mexico, but it also represents the first private power-purchase agreement south of the border. The electricity generated by the solar farm will be bought by German manufacturer Leoni Cable and almost 24 schools owned by the La Salle education network.
OCI Solar Power is a leader in the solar power industry, providing innovation and development for solar power plants in communities across North America. Based in San Antonio, Texas, OCI Solar Power works with local officials, community organizations and local partners to engineer, develop, construct and operate solar projects.
BVR served as lead developer on this project with investment and project consultation provided by OCI Solar Power, an international solar developer based in San Antonio, Texas.
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