Methanex Corporation is a Canada-based chemical company and the world’s largest producer and supplier of methanol. Headquartered in Vancouver, it markets methanol for use in chemical manufacturing and energy applications.
The company operates or holds interests in production facilities in the United States (Geismar, Louisiana), Trinidad and Tobago, Chile, and New Zealand, supported by a global distribution and storage network. Methanex supplies methanol to customers in industries producing formaldehyde, acetic acid, MTBE, and other derivatives, and for emerging fuel applications.
Through its subsidiary Waterfront Shipping, Methanex manages a dedicated ocean-going fleet to deliver product worldwide, including methanol dual-fuel vessels. The company is active in initiatives to lower the carbon intensity of methanol supply and use, including expanding availability of lower-carbon methanol pathways. Methanex is publicly listed on the Toronto Stock Exchange (MX) and Nasdaq (MEOH).
OCI sells ammonia business, plans merger with Orascom, and reports financials. Beaumont project nears completion; strategic review yields $11.6B, with $7B distributed to shareholders.
OCI sold its methanol business, distributed $1.7B to shareholders, and retired 2033 bonds. European operations improved, and Beaumont ammonia project nears completion.
The acquisition includes two methanol plants in Texas, a low-carbon methanol business, and a facility in the Netherlands. Expected to boost Methanex's production by 20% and add $275M in annual EBITDA.
