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Meetings & Conferences News from Abroad
: Grace Oh 20-21 | Kuala Lumpur, Malaysia : +65 6345 5701 CONSOLIDATION
: +65 6346 9147 10th ICIS Asian Surfactants Conference : Angelia@cmtsp.com.sg
: Grace@cmtsp.com.sg ICIS : Cmtevents.com/aboutevent. Methanex buying OCI Global’s methanol business
: Cmtevents.com/aboutevent. : Nicol Lange aspx?ev=241127&
aspx?ev=241022& : +020 7911 1393 for over $2-bn
: Nicol.lange@icis.com December 2024
8-10 | Milan, Italy : Events.icis.com/website/14105 2-5 | Muscat, Oman Canadian methanol producer Methanex value by acquiring two highly attractive
CPHI Milan 18th Annual GPCA Forum said it will acquire Dutch green fuel- North American methanol assets that will
Informa Markets 21-23 | Dhaka, Bangladesh Gulf Petrochemical and Chemicals maker OCI Global’s methanol business further strengthen our global production
: Nidhi Narain C3M Exhibition – Colorants, Chemi- Association (GPCA) in a $2.05-bn deal. base and we expect it will be immediately
: +31-20708 1600 cals, Compliance & Machinery : Jhoanna Kilat accretive to free cash fl ow per share,” said
: N.narain@defacto.co.uk SDC International India Private Limited : +971 4 451 0666 - Ext. 122 The deal includes $1.15-bn in cash, the Mr. Rich Sumner, President and CEO of
: Cphi.com/europe/en/registration.html : Yogesh Gaikwad : Forumregistration@gpca.org.ae issuance of 9.9 million shares of Methanex Methanex. “The Beaumont plants benefi t
: Connect@sdcil.com : Gpcaforum.com/ valued at $450-mn, it said, adding that it is from access to North America’s abundant
November 2024 : +91-92234 50584 taking on about $450-mn in debt and leases. and favourably-priced supply of natural
5-7 | Bangkok, Thailand : Sdcil.com/c3m-bangladesh 10-12 | Riyadh, Saudi Arabia OCI will become the second-largest share- gas feedstock, and are expected to increase
holder of Methanex, with about 13% of tion and marketing business, along with our global methanol production by over
In-cosmetics Asia CPHI Middle East the company. a currently idled methanol facility in the 20%,” he added.
Reed Exhibitions Limited 25-26 | Singapore Tahaluf “An Informa Company” Netherlands, Methanex said.
: Pallavi Oak 21st Phenol/Acetone & Derivatives : Menna Tarek “We are pleased with the opportunity OCI’s ammonia production provides
: +91-22 6771 6607 Conference : Menna.tarek@informa.com to achieve a signifi cant ownership position The fi rst Beaumont facility has an Methanex with a low-risk entry into a new
: +91-99873 85741 : Angelia Lim : Cphi.com/middle-east/en/home.html and are highly confi dent in Methanex’s annual production capacity of 910,000 and synergistic commodity in an adjacent
: In-cosmetics.com/asia/en-gb.html ability to create enduring value for share- tonnes of methanol and 340,000 tonnes of and complementary segment to methanol
holders. As the global leader committed ammonia. This plant was restarted in 2011 with similar feedstock-based advantages,
10-14 | Bangkok, Thailand to safety and operational excellence, we and since that time the plant has been up- the company said.
IFEAT 2024 Bangkok Conference identifi ed Methanex as the natural owner graded with $800-million of capital for full
The International Federation of INDIA of OCI Methanol at the outset of our stra- site refurbishment and debottlenecking. As part of the transaction, Methanex
Essential Oils and Aroma Trades tegic process, which we initiated in the The second facility in Beaumont, opera- expects to achieve approximately $30-mn
Ltd. (IFEAT) spring of 2023,” stated Mr. Nassef Sawiris, ted by the joint venture Natgasoline, was of annual cost synergies from lower logis-
: +44-(0)-1707 245826 Executive Chairman of OCI. commissioned in 2018 and has an annual tics costs and lower selling, general and
: Contact@ifeat.org capacity of 1.7-million tonnes of metha- administrative expenses.
: Conference.ifeat.org The transaction includes OCI’s interest nol, of which Methanex’s share will be
OCI had sold its clean ammonia project
12-13 | Coventry, UK R R in two methanol facilities in Beaumont, 850,000 tonnes. in Texas to Australia’s Woodside Energy
Texas, one of which also produces ammo-
SCS Formulate nia, and a low-carbon methanol produc- “This is a unique opportunity to create for $2.35-bn earlier in August this year.
Society of Cosmetic Scientists
2
: +44-(0)-1582 726661 C Pharma expands ophthalmic portfolio with new
: Gem.bektas@scs.org.uk
: Scsformulate.co.uk/ API launch
13-15 | Kuala Lumpur, Malaysia C Pharma, the Ireland-based ber 2024 and the API dossier for Brazil Mr. James Lawler, General Manager of
2
TZMI Congress 2024 maker of ophthalmic and niche active (DIFA) in December 2024. C Pharma. “With the addition of SMS
2
TZ Minerals International Pty. Ltd. pharmaceutical ingredients (APIs), has Lifesciences, we can speed up the roll-
: Tracey McBain launched its latest API, naphazoline Naphazoline HCl is effective in out of our ophthalmic API pipeline.
: Congress@tzmi.com hydrochloride. alleviating red eyes and nasal congestion, The plan is to accelerate the delivery
29 30 APRIL 2025 making it suitable for both prescription of high-quality and best cost-to-quality
19-21 | Singapore HALL 2, 3 & 6 | BEC | MUMBAI The validation campaign for napha- and over-the-counter products. This active pharmaceutical ingredients to
Process Innovation Asia-Pacifi c zoline HCl was completed in June API will be produced by the company’s the global market with the upcoming
Constellar Holdings Pte. Ltd. 2024, and a Certifi cate of Suitability CMO partner, SMS Lifesciences. release of Timolol Maleate, Dorzola-
: +65 6403 2160/+65 6822 2616 (CEP) is already under approval while “GMP samples are now available mide, and Brinzolamide over the next
: Processinnovation@constellar.co the US-Drug Master File (US-DMF) to our customers worldwide to sup- 24 months,” added Mr. Andrew Badrot,
2
: Processinnovationapac.com/sg is planned for submission by Novem- port their validation efforts,” said CEO of C Pharma.
146 Chemical Weekly September 24, 2024 Chemical Weekly September 24, 2024 147
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