Methanex Expands With the $2B Acquisition of OCI's Methanol Business

Methanex Corporation (MEOH) agreed to acquire OCI Global's international methanol business for $2.05 billion. The acquisition includes OCI's stakes in two large methanol facilities located in Beaumont, TX, one of which also produces ammonia. MEOH will acquire OCI's low-carbon methanol production and marketing business, along with a currently-idled methanol plant in the Netherlands. Methanex highlighted this acquisition as a significant opportunity to strengthen its global production capacity, particularly b ...