OCI Global Repurchases Stakes in Methanol Business: Advancing in the Hydrogen Economy
Key Ideas
  • OCI Global reached an agreement to repurchase the stakes of Alpha Dhabi Holding PJSC and ADQ in OCI's Global Methanol Business, advancing its position in the hydrogen economy.
  • The strategic partnership with ADH and ADQ has been instrumental in establishing OCI Methanol as a global leader in methanol production and green methanol distribution.
  • The successful sale of OCI Methanol to Methanex is a significant milestone, showcasing OCI's commitment to driving the decarbonization of energy-intensive industries.
  • OCI looks forward to future collaborations and initiatives to further enhance its role as a leading producer and distributor of hydrogen-based products.
OCI Global, a prominent player in the energy industry, based in Amsterdam, Netherlands, has announced the repurchase of stakes in its Global Methanol Business from Alpha Dhabi Holding PJSC and ADQ. This move signifies a strategic advancement in the hydrogen economy for OCI. The partnership formed back in 2021 with ADH and ADQ has significantly boosted OCI Methanol's standing as a key player in methanol production and distribution of green methanol through HyFuels. The recent sale of OCI Methanol to Methanex marks a notable achievement, highlighting OCI's dedication to driving decarbonization in critical industries. Nassef Sawiris, the Executive Chairman of OCI, expressed the company's appreciation for the partnership with ADH and ADQ, emphasizing how it has propelled OCI Methanol's position in the hydrogen economy. Looking ahead, OCI is enthusiastic about supporting future initiatives and collaborations, indicating a strong commitment to further innovation and growth in the sector. With a global production capacity spanning multiple continents and a wide range of hydrogen-based products, including nitrogen fertilizers, methanol, biofuels, and more, OCI is at the forefront of driving decarbonization efforts. Headquartered in the Netherlands and listed on Euronext in Amsterdam, OCI continues to lead the way in the transition towards sustainable energy solutions. For more information on OCI Global and its initiatives, visit their website and follow them on LinkedIn for the latest updates.
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