Methanex Completes Acquisition of OCI Global's Methanol Business
Deal News | Jun 27, 2025 | Globenewswire
Methanex Corporation, a leading global methanol producer, has successfully acquired OCI Global's methanol business. Originally announced in September 2024, the deal includes two methanol facilities in Texas, a low-carbon methanol business, and an idled facility in the Netherlands. The acquisition was completed with a payment of $1.2 billion cash, the issuance of Methanex shares, and the assumption of $450 million in debt. Methanex has filed a base shelf prospectus with authorities in British Columbia and the U.S. to facilitate the transaction. This strategic move aims to bolster Methanex's production capacity and expand its market reach in the methanol industry.
Sectors
- Chemical Manufacturing
- Energy
Geography
- Canada – Methanex Corporation is based in Vancouver, British Columbia, Canada, and the legal aspects of the transaction were filed there.
- United States – Part of the acquisition includes methanol facilities in Texas and regulatory filing with the U.S. SEC highlights the involvement of U.S.-based operations.
- Netherlands – The acquisition involves an idled methanol facility situated in the Netherlands, emphasizing part of the European market presence.
Industry
- Chemical Manufacturing – The article is centered around methanol production, which is a segment of the chemical manufacturing industry, specifically focusing on expansion and acquisition activities within this sector.
- Energy – Methanex's business model relies heavily on natural gas feedstocks, aligning it with the energy industry. The acquisition enhances their access to these resources.
Financials
- $1.2 billion – The cash component of the transaction consideration paid by Methanex to acquire OCI Global's methanol business.
- 9.9 million common shares – The number of shares issued by Methanex as part of the acquisition payment.
- $450 million – The amount of debt and leases Methanex assumed in the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Methanex Corporation | Acquirer | Company | A Vancouver-based company, Methanex is the world's largest producer and supplier of methanol. |
| OCI Global | Seller | Company | OCI Global is a company engaged in the international methanol business, selling part of its operations to Methanex. |
| Rich Sumner | President and CEO | Person | Rich Sumner is the President and CEO of Methanex Corporation, overseeing this strategic acquisition. |