ADQ Holding and Alpha Abu Dhabi acquire 15% of Methanol OCI at a value of 1.37 billion dirhams

OCI NV announced that it has entered into a strategic alliance with two of the world’s leading investment companies, ADQ Holdings and Alpha Abu Dhabi Holdings, with the aim of enabling the OCI Methanol Group to plan and benefit from many growth initiatives in the future.

As part of the alliance, $375 million (1.37 billion dirhams) will be injected in exchange for a 15% stake in the Methanol OCI group, provided that the group is included as a company within the Abu Dhabi Global Market.

The alliance focuses on clean methanol as the fuel of the future, with hydrogen as a key feedstock, which will enable the Methanol OCI group to drive and accelerate the transition to a hydrogen economy.