ADNOC Acquires OCI's 50% Stake in Fertiglobe

Methanex Acquires OCI Methanol from OCI Global for $1.6 Billion

June 27, 2025

Energy

Methanex Corporation has completed the acquisition of 100% of OCI Global's methanol business (OCI Methanol) for USD 1.6 billion on a cash‑free, debt‑free basis, consisting of approximately USD 1.3 billion of cash and 9.9 million Methanex common shares. The deal transfers multiple methanol production assets (including facilities in Beaumont, Texas and Delfzijl, Netherlands, and OCI's HyFuels low‑carbon business) to Methanex and enables OCI to return capital to shareholders and reduce debt.

Methanex Corporation Acquires OCI Methanol from OCI Global

June 27, 2025

Energy

Methanex Corporation has completed the acquisition of 100% of OCI Global’s methanol business (OCI Methanol) for a total consideration of USD 1.6 billion on a cash-free, debt-free basis, consisting of approximately USD 1.3 billion of cash and 9.9 million Methanex common shares (≈USD 346 million). The deal includes OCI’s 50% interest in the Natgasoline joint venture and gives OCI a ~12.9% stake in Methanex; OCI also announced plans to return up to USD 1.0 billion to shareholders following the closing.

ADNOC and OMV to Create Borouge Group International via Acquisition of Nova Chemicals

March 4, 2025

Manufacturing

Abu Dhabi National Oil Company (ADNOC) and OMV announced they will merge to form Borouge Group International, a new polyolefins chemicals group. As part of the transaction, Borouge Group International will acquire Nova Chemicals from Mubadala for $13.4 billion, with the overall deal expected to close in the first quarter of 2026.

ADNOC Drilling / Alpha Dhabi JV (Enersol) Acquires 25% Stake in Gordon Technologies

January 9, 2024

Energy

ADNOC Drilling and Alpha Dhabi have incorporated a joint venture (Enersol) at Abu Dhabi Global Market and completed the JV's inaugural strategic investment by transferring Alpha Dhabi’s 25% equity stake in US-based Gordon Technologies into the JV (valued at roughly $180 million). The move gives the JV an equity position in a leading measurement-while-drilling (MWD) technology provider and is intended to accelerate capability expansion in tech-enabled energy services and optimise drilling operations for ADNOC Drilling.

Woodside Energy Group Acquires OCI Clean Ammonia Project in Beaumont, Texas

August 5, 2024

Energy

OCI Global has completed the divestment of its 1.1 million metric tonnes Clean Ammonia project under construction in Beaumont, Texas to Woodside Energy Group Ltd. The transaction is valued at about USD 2.35 billion on a cash-free, debt-free basis and OCI will continue to manage construction through provisional acceptance.

Saint-Gobain to Acquire FOSROC

June 27, 2024

Building Products

Saint-Gobain has signed a definitive agreement to acquire FOSROC for $1,025 million in cash. FOSROC is a global construction chemicals manufacturer with ~3,000 employees, 20 plants and expected 2024E sales of $487 million; the deal strengthens Saint-Gobain's presence in India, the Middle East and Asia-Pacific and is expected to deliver roughly $54 million of run-rate synergies by year three.