Methanex Acquires OCI Methanol from OCI Global for $1.6 Billion

Methanex Corporation Acquires OCI Methanol from OCI Global

June 27, 2025

Energy

Methanex Corporation has completed the acquisition of 100% of OCI Global’s methanol business (OCI Methanol) for a total consideration of USD 1.6 billion on a cash-free, debt-free basis, consisting of approximately USD 1.3 billion of cash and 9.9 million Methanex common shares (≈USD 346 million). The deal includes OCI’s 50% interest in the Natgasoline joint venture and gives OCI a ~12.9% stake in Methanex; OCI also announced plans to return up to USD 1.0 billion to shareholders following the closing.

ADNOC Acquires OCI's 50% Stake in Fertiglobe

October 15, 2024

Manufacturing

Abu Dhabi National Oil Company (ADNOC) has completed the purchase of OCI Global’s entire 50%+1 equity stake in Fertiglobe for USD 3.62 billion on a cash-free debt-free basis, increasing ADNOC's ownership in Fertiglobe to 86.2%. The transaction marks OCI's full exit to monetize its investment; Fertiglobe's board re‑appointed Ahmed El‑Hoshy as CEO effective 15 October 2024 and the ADX free float remains at 13.8%.

Woodside Energy Acquires OCI's 1.1 Mtpa Clean Ammonia Project in Beaumont, Texas

August 5, 2024

Energy

Woodside Energy Group Ltd completed the acquisition of 100% of OCI Clean Ammonia Holding B.V., taking ownership of the 1.1 million tonne-per-annum Clean Ammonia project in Beaumont, Texas, for approximately USD 2.35 billion (cash-free, debt-free). OCI will continue to manage construction and commissioning through provisional acceptance; first ammonia is targeted in 2025 and lower‑carbon ammonia in 2026, with USD 1.88 billion paid at closing and the remaining USD 470 million payable at project completion.

Berkshire Hathaway Acquires OxyChem from Occidental

January 3, 2026

Manufacturing

Berkshire Hathaway has completed the acquisition of OxyChem from Occidental for $9.7 billion, subject to customary post-closing purchase price adjustments. OxyChem, headquartered in Dallas, Texas, is a major U.S. chemical manufacturer (PVC, chlor-alkali, chlorinated organics, calcium chloride) with operations across the U.S., Canada and Latin America and will remain led by CEO Wade Alleman.

MOL Chemical Tankers Acquires Fairfield Chemical Carriers for ~$400M

March 1, 2024

Transportation

MOL Chemical Tankers, a subsidiary of Mitsui O.S.K. Lines (MOL), completed the acquisition of Fairfield Chemical Carriers (FCC) in an all-cash share purchase valued at about $400 million. The deal (closed 1 March) brings FCC's 36 stainless-steel chemical tankers into MOLCT's global fleet, creating one of the world’s largest multi-segregated chemical tanker fleets and strengthening MOLCT's service network and capabilities.

ConocoPhillips Acquires Marathon Oil Corporation

May 29, 2024

Energy

ConocoPhillips has acquired Marathon Oil Corporation in an all-stock transaction (0.2550 COP shares per Marathon share) with an enterprise value of $22.5 billion (including $5.4 billion of net debt). The deal, approved by Marathon shareholders and completed in November 2024, expands ConocoPhillips' U.S. Lower 48 portfolio, is immediately accretive, and is expected to deliver significant cost and capital synergies.