Methanex to acquire methanol business from OCI Global for $2.05bn.

Methanex, a company that supplies, distributes and markets methanol worldwide, agreed to acquire methanol business from OCI Global, a nitrogen, methanol and hydrogen producer, for $2.05bn. “This is a unique opportunity to create value by acquiring two highly attractive North American methanol assets that will further strengthen our global production base and we expect it will be immediately accretive to free cash flow per share. The Beaumont plants benefit from access to North America’s abundant and favourably-priced supply of natural gas feedstock, and are expected to increase our global methanol production by over 20 percent,” Rich Sumner, Methanex President and CEO.