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Tag: Methanex

Methanex signs definitive agreement to acquire OCI Global’s international methanol business for $2.05 billion

Methanex signs definitive agreement to acquire OCI Global’s international methanol business for $2.05 billion

September 15, 2024 |

In Canada, Methanex Corporation announced that it has entered into a definitive agreement to acquire OCI Global’s international methanol business for $2.05 billion. The transaction includes OCI’s interest in two world-scale methanol facilities in Beaumont, Texas, one of which also produces ammonia. The transaction also includes a low-carbon methanol production and marketing business and a […]

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Methanex acquires OCI’s methanol business for $2.05 billion

Methanex acquires OCI’s methanol business for $2.05 billion

September 9, 2024 |

In Canada, Methanex announced the acquisition of OCI Global’s international methanol assets for $2.05 billion. The deal includes two large methanol facilities in Beaumont, Texas, with a combined annual production capacity of 1.76 million tonnes of methanol. One plant also produces 340,000 tonnes of ammonia per year, marking Methanex’s entry into ammonia production. The acquisition […]

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Methanex temporarily shutting New Zealand methanol plants

Methanex temporarily shutting New Zealand methanol plants

August 16, 2024 |

In New Zealand, NRZ reported that the country’s biggest gas user Methanex is temporarily shutting its New Zealand methanol plants and selling the gas to power companies. The report noted that the firm would shut its Taranaki plant until the end of October after agreeing to sell the gas to Contact Energy and Genesis Energy. […]

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