OCI Sells Methanol Business to Methanex in $2 Billion Deal

Dutch chemicals company OCI NV agreed to sell its methanol business to Methanex Corp. in a deal worth more than $2 billion.

The transaction will be paid through a combination of cash and shares of Vancouver-based Methanex, OCI said . The sale of the methanol business, which mainly produces the fuel in the US, is expected to close in the first half of 2025.