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SABIC is planning to acquire Methanol Assets of OCI NV

Saudi Basic Industries Corp (SABIC) is planning to  acquire the Methanol Assets of OCI NV a Netherland based  company. OCI NV  Methanol plants are located at Netherland and USA  and were valued at USD 4 Billion.  SABIC is planning to boost its global expansion to capture the overseas market. The negotiation is still in pipeline. Moreover, SABIC is one of the biggest supplier of Methanol in India, around 80 percent of the methanol is imported by India thereby SABIC have a great opportunity to increase its import and market share in India.