OCI Global completes the sale of its global methanol business to Methanex Corporation. The transaction includes OCI’s indirect 50 percent interest in the Natgasoline joint venture.
OCI Global announces the final resolution of its Natgasoline joint venture dispute with Proman. Its indirect 50 percent interest in Natgasoline is included in Methanex’s acquisition of OCI Methanol.
Methanex Corporation agrees to acquire OCI Global’s international methanol business for $2.05 billion. The deal includes a 50% interest in the Natgasoline joint venture plant in Beaumont, Texas.
Natgasoline LLC begins commercial methanol production at its Beaumont, Texas, facility, which has a stated capacity of 1.8 million metric tons per year. OCI, Consolidated Energy Limited and Natgasoline announced the start of production, describing the plant as the largest methanol facility in the United States.
