Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada.

Methanex Corporation

Methanex Corporation is the world’s largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and Latin America. Methanex is a Vancouver, Canada-based, publicly traded company with shares listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX"​; on the NASDAQ Global Market in the United States under the trading symbol "MEOH"​.

Methanol, a liquid chemical produced primarily from natural gas, is used as a chemical feedstock in the manufacture of a range of consumer and industrial products, such as building materials, foams, resins, and plastics, as well as in the production of methyl tertiary-butyl ether; and energy applications.

Methanex can be visited online at http://www.methanex.com.

Happy Lunar New Year 2024! Wishing you peace, health and happiness in the Year of the Dragon! #YearOfTheDragon #LunarNewYear

Yesterday, we reported earnings results for Q4 2023. Highlights include Adjusted EBITDA of $148 million. Our Geismar 3 (G3) plant is in the start-up process, and we expect it to ramp up to full rates over February. G3 will have one of the lowest emission intensity profiles in the industry and will significantly enhance our cash flow capability at a range of methanol prices. 
 
Find the press release and earnings call playback here: https://lnkd.in/gBbFMH5W 

Last week, two of our team members spoke on separate panels at The Energy Chamber of Trinidad and Tobago Energy Conference 2024.

Paul Hexter, President of our Waterfront Shipping subsidiary, spoke about the role methanol can play in the energy transition of the maritime industry. Waterfront Shipping continues to play a leadership role in the maritime industry, pioneering the use of methanol as a marine fuel, including in the areas of transporting, storing, and bunkering safely.

Amrit Ramnanan, Maintenance Manager for our Trinidad plant site, spoke on a young leaders’ panel and highlighted Trinidad and Tobago’s ability to leverage methanol as a pathway to a low-carbon economy, especially given the country’s experience in the methanol industry for over 20 years. 

In Trinidad and Tobago, these discussions are important given the region’s burgeoning energy sector and its strategic geographic location for transshipment and logistics activities, as well as the strong support from its government to become a hub for bunkering methanol as a marine fuel.  

The conference is widely recognized and attended by over 1,100 delegates from the energy industry, including policymakers, service companies and academia. 

Methanol is essential to everyday life today, and a pathway to a low-carbon future tomorrow. As a key chemical building block or as a fuel, when made from renewable sources, methanol can help society achieve its decarbonization goals.
https://lnkd.in/gsirEQNU


We believe our business should have a positive impact on people’s lives. In addition to creating jobs and economic opportunities, we are committed to building and supporting healthy communities that are great places to live and work. That belief extends beyond our communities to our industry, too.

For example, in Trinidad and Tobago, we partnered with Caribbean Ideas Limited and the National Gas Company of Trinidad and Tobago to launch a sustainable education platform, Sustain-U. In Egypt, we signed a new agreement with the International Labour Organization (ILO) to invest USD $2 million in Damietta, Egypt, to support an additional 1,000 new jobs. In Chile, we made investments to improve infrastructure at three local schools for children with special needs.

For industry, our subsidiary, Waterfront Shipping, hosted its first expanded-scope Methanol Group safety and industry best practices event in 2023.

Learn more about our approach to social responsibility: https://lnkd.in/gJ6HmQGE
 

NASDAQ:MEOH

Methanex Corporation

Last Close

73.00

17/05 20:00

Market Cap

4.13B

Beta: 2.04

Volume Today

67.21K

Avg: 308.88K

PE Ratio

13.15

PFCF: 20.02

Dividend Yield

1.63%

Payout:21.39%