Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Functional" are stored on your browser as they are essential for enabling the basic functionalities of the site.... 

Always Active

Functional cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

10 September 2024

OCI Global Announces Repurchase of OCI Methanol Minorities

Download PDF

AMSTERDAM, 10 September 2024: OCI Global (Euronext: OCI), (“OCI”, the “Company”), a leading global producer and distributor of hydrogen products today announced that it has reached agreement with Alpha Dhabi Holding PJSC (“ADH”) and ADQ to repurchase their 11% and 4% stakes respectively in OCI’s Global Methanol Business (“OCI Methanol” or “OCI Clean Fuels Limited”). This follows the earlier announcement of the sale of OCI Methanol to Methanex Corporation (“Methanex”).

OCI announced its strategic alliance and the placement of 15% of OCI Methanol with ADH and ADQ in November 2021. The partnership has advanced OCI Methanol’s position as a global leader in methanol production and as a leading producer and distributor of green methanol through HyFuels, culminating in the successful sale of OCI Methanol to Methanex.

Nassef Sawiris, Executive Chairman of OCI commented: “We highly value the strategic partnership that we have had with ADH and ADQ, which has accelerated OCI Methanol’s position in the hydrogen economy. We look forward to supporting future initiatives and a future collaboration.”

This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

-Ends-

About OCI Global We are a global leader in nitrogen, methanol, and hydrogen, driving forward the decarbonization of the energy-intensive industries that shape, feed and fuel the world. OCI’s production capacity spans four continents and comprises approximately 13.5 million metric tons per year of hydrogen-based products including nitrogen fertilizers, methanol, biofuels, diesel exhaust fluid and melamine. OCI is headquartered in the Netherlands and listed on Euronext in Amsterdam. Learn more about OCI at www.oci-global.com. You can also follow OCI on LinkedIn.

Subscribe to email updates

Subscribe for news and stories about our business, industries, and products.

Thank you for subscribing.

Lines Effect