OCI Global Energy Transition Leadership

200 300 400 Significant Upside for Methanol Prices rebound through Q3; US and EU rebound above Asia Methanol spot prices, USD per metric ton 500 Methanol supply & demand balance tightening Methanol capacity vs. demand growth, Million Mt 2023 Capacity additions are exclusively in China and Iran, with low expected operating rates Methanol market outlook in structural deficit: Demand expected to exceed supply by 14 Mt Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Methanol Barge US Gulf Coast Source: Company information, MMSA, Argus 222 22 8 12 20 6 2020-2022 2023 2024E-2028E Additional Capacity Additional Demand Short-term moving towards mid-cycle, positive outlook in medium-term sustained: 1 Rebound in China through end 2023, supported by recent high MTO operating rates, growing traditional demand, and government economic stimulus Oct-22 Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 2 Limited new capacity, offset by diverse growing demand and potential rationalization of older, less efficient supply capacity 3 High oil and coal prices supportive, and methanol cheaper fuel (vs LNG, gasoline) Methanol CFR China Methanol FOB Rotterdam T2 Spot Accelerating demand as a hydrogen carrier, especially into marine fuels 23 Global OCIGI

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