Canada’s Methanex Corp is buying OCI Global’s methanol business for $2.05bn in a deal that narrows the choice of green fuel for shipowners.
The world’s biggest producer of methanol will acquire 100% of the pioneering Dutch group’s methanol interests in a cash and shares agreement.
OCI Global provided the green fuel for the first methanol-powered container ship voyage last year, carried out by AP Moller-Maersk.
