Methanex To Acquire OCI Global’s Methanol Business
Canada-headed Methanex Corporation (Methanex), the world's largest methanol producer has announced that it has entered into a definitive agreement to acquire OCI Global’s (OCI) international methanol business for US$2.05 billion. The transaction includes OCI’s interest in two world-scale methanol facilities in Beaumont, Texas (TX), one of which also produces ammonia. The transaction also includes a low-carbon methanol production and marketing business and a currently idled methanol facility in the Netherlands.
According to a statement, OCI’s methanol business enhances Methanex’s asset portfolio with highly attractive assets in a low-risk jurisdiction that has an ample and economic supply of feedstock natural gas.