AMSTERDAM, June 12, 2025/ PRNewswire/– OCI Worldwide OCI, (” OCI”, the “Business”) today revealed that the regulative evaluation duration under the U.S. Hart-Scott-Rodino Antitrust Act has actually concluded with regard to the sale of 100% of its equity interests in its Worldwide Methanol Company (” OCI Methanol”) to Methanex Corporation MX MEOH (” Methanex”), (the “Deal”). All regulative approvals needed for the closing of the Deal have actually now been acquired and the Deal is anticipated to close on 27 June 2025 based on popular closing conditions.
Deal information
- Under the proposed Deal, Methanex will obtain 100% of the equity interests in OCI Methanol, consisting of 100% of OCI’s United States and European methanol properties.
- The Deal factor to consider will be paid through a mix of around USD 1.2 billion of money (considering net insolvency) topic to popular closing modifications, and the issuance of 9.9 million typical shares of Methanex.
2033 Notes Tender deal
As formerly revealed, OCI is needed to introduce a tender deal for its U.S.$ 600,000,000 6.700 percent Notes due 2033 (the “Bonds”) within 5 company days of the effective closing of the Deal. The tender deal will be on popular terms and use a cost of 110.75% of par, plus accumulated and overdue interest.
This news release consists of or might include details within the significance of Short article 7( 1) of the EU Market Abuse Policy.
About OCI Worldwide
Discover More about OCI at www.oci-global.com. You can likewise follow OCI on LinkedIn.
About OCI Methanol
OCI Methanol is a leading methanol manufacturer in the United States and through OCI HyFuels, a leading manufacturer and supplier of green methanol today. OCI Methanol’s overall efficient capability makes up the following properties:
- A methanol center in Beaumont, Texas with a yearly production capability of 910,000 tonnes of methanol and 340,000 tonnes of ammonia. This plant was rebooted in 2011 and because that time the plant has actually been updated with USD 800 million of capital for complete website repair and debottlenecking.
- A half interest in a 2nd methanol center likewise in Beaumont, Texas, run by Natgasoline, which is a joint endeavor with Proman. The Natgasoline plant was commissioned in 2018 and has a yearly capability of 1.7 million tonnes of methanol, of which Methanex’s share will be 850,000 tonnes.
- OCI’s HyFuels company, which produces and offers industry-leading volumes of low-carbon methanol and has trading and circulation abilities for eco-friendly gas (RNG).
- A methanol center in Delfzijl, Netherlands with a yearly capability to produce one million tonnes of methanol. This center is not presently in production due to undesirable prices for gas feedstock.
OCI Methanol’s properties remain in extremely tactical and industrialized market areas throughout the United States and Europe with comprehensive circulation and storage abilities near significant commercial need centres and essential bunkering centers. The properties in the United States have access to steady and low-priced USGC gas, allowing very first quartile expense curve positions.
OCI HyFuels is a pioneering first-mover in supplying the roadway, marine, power, and commercial sectors with eco-friendly and low-carbon fuel options to fulfill progressing regulative requirements. Business consists of the production and circulation of green methanol, bio-MTBE, eco-friendly gas, and ethanol.
Methanol and ammonia are essential enablers of the hydrogen economy and the most rational hydrogen fuels, essential to decarbonizing difficult to ease off markets consisting of marine.
About Methanex
Methanex is a Vancouver– based, openly traded business and is the world’s biggest manufacturer and provider of methanol internationally. Methanex shares are noted for trading on the Toronto Stock Market in Canada under the trading sign “MX” and on the Nasdaq Stock Exchange in the United States under the trading sign “MEOH.” Methanex can be gone to online at www.methanex.com.
SOURCE OCI Global