Methanex Acquires OCI Methanol from OCI Global for $1.6 Billion

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.

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.

ADNOC Acquires OCI's 50% Stake in Fertiglobe

October 15, 2024

Manufacturing

Abu Dhabi National Oil Company (ADNOC) has completed the purchase of OCI Global’s entire 50%+1 equity stake in Fertiglobe for USD 3.62 billion on a cash-free debt-free basis, increasing ADNOC's ownership in Fertiglobe to 86.2%. The transaction marks OCI's full exit to monetize its investment; Fertiglobe's board re‑appointed Ahmed El‑Hoshy as CEO effective 15 October 2024 and the ADX free float remains at 13.8%.

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.

Berkshire Hathaway Acquires OxyChem From Occidental for $9.7 Billion

January 3, 2026

Manufacturing

Berkshire Hathaway has completed the all-cash acquisition of OxyChem, Occidental’s chemical division, for $9.7 billion, subject to customary post-closing purchase price adjustments. OxyChem is a Dallas, Texas-headquartered producer of essential commodity chemicals with operations across the United States, Canada, and Latin America.

EIG to Acquire Ocyan for US$390 Million

December 28, 2023

Industrial Services

EIG has entered into definitive agreements to acquire Ocyan Participações S.A., a Brazilian offshore oil and gas solutions provider, for a total enterprise value of US$390 million. The deal is expected to close in the first quarter of 2024, subject to customary closing conditions.