Methanex's Strategic Acquisition of OCI Global's International Methanol Business

Monday, 9 September 2024, 05:54

Methanex is set to acquire OCI Global’s international methanol business for $2.05 billion. This acquisition will strengthen Methanex's market presence and operational capacity. The deal is expected to enhance its production capabilities and expand its customer base significantly.
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Methanex's Strategic Acquisition of OCI Global's International Methanol Business

Methanex to Acquire OCI Global

Methanex Corporation (NASDAQ: MEOH) has announced its intention to acquire OCI Global’s international methanol business for $2.05 billion. This strategic move marks a significant milestone in Methanex's efforts to bolster its market position and operational efficiency.

Details of the Acquisition

Under the terms of the definitive agreement, Methanex will enhance its production capacity and expand its reach within the global methanol market. This acquisition is seen as a pivotal step toward solidifying Methanex’s leadership in the industry.

  • Acquisition Amount: $2.05 billion
  • Target: OCI Global’s international methanol business
  • Expected benefits include increased production capabilities and broadened customer base.

Industry Impact

This acquisition is anticipated to create a significant impact on the methanol sector, allowing Methanex to leverage enhanced resources and expertise.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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