Methanex Corporation acquired OCI Global's international methanol business for US$2.05B

On June 27, 2025, Methanex Corporation ("Methanex") completed its acquisition of OCI Global's ("OCI") international methanol business for US$2.05 billion. Methanex acquired OCI's stake in two large-scale methanol plants located in Beaumont, Texas, with one of these plants also producing ammonia, a low-carbon methanol production and marketing business, as well as a currently inactive methanol facility in the Netherlands. The transaction consideration consists of approximately US$1.2 billion of cash, excluding adjustments to working capital and cash acquired, the issuance of approximately 9.9 million common shares of Methanex and the assumption of approximately US$450 million in debt and leases. 

Methanex, headquartered in Vancouver, British Columbia, is the world’s largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and South America.

OCI, headquartered in Amsterdam, Netherlands, is a leading global producer and distributor of nitrogen, methanol, and hydrogen products. OCI focuses on advancing decarbonization of energy-intensive industries, aiming to make transportation cleaner, products greener, and agriculture more sustainable.  

McCarthy Tétrault advised Methanex with a team led by Robin Mahood that included Claire Sung, James Lin, Geena Lee, Joey Levesque, Dinah Holliday, Rebecca Ferguson, Khristoff Browning, Katherine Griffin, Matthew Yensen, Declan Sakuls and Trena Graff (Business) and Vincent Yip and Jeff Sun (Intellectual Property). Liezl Behm and Linda Brown led the debt financing, with a team including Jenna Clark and Pedram Gholipour (Financial Services).