OCI Global Secures U.S. Approval for Methanol Business Sale to Methanex
Deal News | Jun 12, 2025 | PR Newswire Cision OCI Global
OCI Global has obtained all necessary U.S. regulatory approvals for the sale of its Global Methanol Business to Methanex Corporation. The transaction, valued at USD 1.2 billion in cash and an issuance of 9.9 million Methanex shares, is set to close on June 27, 2025. OCI Methanol, a leading methanol producer, has substantial production facilities, including a key site in Beaumont, Texas, and is part of OCI's strategic roster of assets. These assets include significant plant interests and advanced capabilities in low-carbon methanol production. Vancover-based Methanex, the world's largest methanol producer, will gain control of OCI's US and European methanol assets, significantly enhancing its production portfolio. The transaction is structured carefully, with OCI launching a tender offer for its USD 600 million bonds due 2033, contingent upon the transaction's successful completion.
Sectors
- Chemicals
- Energy
Geography
- Netherlands – OCI Global is based in Amsterdam, and part of the transaction includes assets located in the Netherlands.
- United States – The transaction involves major assets located in Texas, and regulatory approval has been obtained from U.S. authorities.
- Canada – Methanex Corporation, the acquiring entity, is headquartered in Vancouver, Canada.
Industry
- Chemicals – The article discusses the sale of OCI Global's methanol production business, a key segment within the chemicals industry.
- Energy – Methanol and ammonia are used to enable the hydrogen economy, and the production of low-carbon methanol aligns with energy industry trends.
Financials
- USD 1.2 billion – The cash portion of the transaction consideration for the sale of OCI Methanol.
- 9.9 million shares – The number of Methanex shares to be issued as part of the transaction consideration.
- USD 600,000,000 – The value of OCI's Bonds due 2033, for which a tender offer will be launched after the transaction.
- USD 800 million – Capital invested for site refurbishment and debottlenecking at the Beaumont, Texas facility.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OCI Global | Selling Company | Company | OCI Global is a multinational chemicals company focused on the production of methanol, based in Amsterdam. |
| Methanex Corporation | Bidding Company/Buyer | Company | Methanex Corporation, based in Vancouver, is the world's largest producer and supplier of methanol. |
| Natgasoline | Joint Venture Partner | Company | Natgasoline, a joint venture with Proman, operates a methanol facility involved in the transaction. |