VANCOUVER, British Columbia, March 08, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) released its 2023 Sustainability Report today to share its progress on the sustainability topics that are most material to the company and its stakeholders. “Our top priority continues to be the safety and well-being of our team members and communities where we do business. Our Sustainability Report outlines Methanex’s... Read More

VANCOUVER, British Columbia, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that commercial production of its new 1.8 million tonne methanol plant, Geismar 3 (G3), in Geismar, Louisiana has been delayed due to complications that occurred in the autothermal reformer (ATR) during the late stages of the initial start-up process. This issue required the ATR to be cooled and brought... Read More

VANCOUVER, British Columbia, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.185 per share. The dividend will be payable on March 28, 2024, to holders of common shares of record on March 14, 2024. Methanex is a Vancouver-based, publicly traded company and is the world's largest... Read More

Net income attributable to Methanex shareholders of $33 million and Adjusted EBITDA of $148 million in the fourth quarter. The average realized price in the fourth quarter was $322 per tonne compared to $303 per tonne in the third quarter of 2023. Full year 2023 net income attributable to Methanex shareholders of $174 million and Adjusted EBITDA of $622 million. Fourth quarter production was higher compared to the third... Read More

VANCOUVER, British Columbia, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation’s (TSX:MX) (NASDAQ:MEOH) President and CEO, Mr. Rich Sumner, will participate in a fireside chat at the 27th Annual CIBC Western Institutional Investor Conference on Thursday, January 18, 2024. A recording of Mr. Sumner’s remarks will be available on the Investor Relations section of Methanex’s website at... Read More

VANCOUVER, British Columbia, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its 1.26 million tonne Egypt methanol production facility (Methanex 50% equity interest of 0.63 million tonnes per annum) was impacted by an unplanned outage in mid-October caused by a mechanical failure in the synthesis gas compressor. The unit has since been removed from service and is currently... Read More

VANCOUVER, British Columbia, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.185 per share. The dividend will be payable on December 29, 2023, to holders of common shares of record on December 15, 2023. Methanex is a Vancouver-based, publicly traded company and is the world's... Read More

Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders of $24 million and Adjusted EBITDA of $105 million in the third quarter. The average realized price in the third quarter was $303 per tonne compared to $338 per tonne in the second quarter of 2023. Geismar 3 ("G3") project is progressing safely to plan and construction is near completion... Read More

VANCOUVER, British Columbia, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and supplier of methanol, is pleased to announce that its Methanex Egypt office has signed a new five-year partnership with the International Labour Organization (ILO) Cairo Office to support the Decent Jobs for Egypt's Young People (DJEP) program. Through a USD $2 million donation by... Read More

VANCOUVER, British Columbia, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and supplier of methanol, is pleased to announce it is the recipient of three 2022 Responsible Care® awards from the Chemical Industry Association of Canada (CIAC). The awards recognize companies that have shown exceptional leadership and outstanding performance in implementing Responsible... Read More

VANCOUVER, British Columbia, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has signed a two-year natural gas agreement with the National Gas Company of Trinidad and Tobago (NGC) for its currently idled, wholly owned, Titan methanol plant (“Titan”) (875,000 tonnes per year capacity) to restart operations in September 2024. Simultaneously, the Company announced its... Read More

VANCOUVER, British Columbia, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) is pleased to announce the appointment of John Sampson, Senior Vice President, Operations, Manufacturing and Engineering at Dow Inc., to its Board of Directors effective October 1, 2023. With a career spanning 40 years in the chemical and materials sector, Mr. Sampson brings a wealth of industry knowledge and business... Read More

Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders of $57 million and Adjusted EBITDA of $160 million in the second quarter. The average realized price in the second quarter was $338 per tonne compared to $371 per tonne in the first quarter of 2023. Geismar 3 ("G3") project is approximately 90% complete and is progressing safely, on time... Read More

VANCOUVER, British Columbia, July 13, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.185 per share. The dividend will be payable on September 30, 2023, to holders of common shares of record on September 16, 2023. Methanex is a Vancouver-based, publicly traded company and is the world's... Read More

VANCOUVER, British Columbia, April 28, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held on April 27, 2023 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 59,123,988 common shares were voted at the meeting, representing 86% of all outstanding... Read More

Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders of $60 million and Adjusted EBITDA of $209 million in the first quarter. The average realized price in the first quarter was $371 per tonne compared to $373 per tonne in the fourth quarter of 2022. Geismar 3 ("G3") project is over 80% complete and is progressing safely, on time and on... Read More

VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved a 6% increase in its quarterly dividend to US$0.185 per share from US$0.175 per share. The increased dividend will apply to the dividend payable on June 30, 2023, to holders of common shares of record on June 16, 2023. Methanex is a... Read More

VANCOUVER, British Columbia, March 10, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and supplier of methanol, released its 2022 Sustainability Report today to share its progress on material environmental, social and governance (ESG) topics that are important to the company’s business and stakeholders. “Our sustainability culture continues to evolve beyond targets and... Read More

VANCOUVER, British Columbia and TOKYO, Feb. 27, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (Methanex) and Mitsui O.S.K. Lines, Ltd. (MOL) are pleased to announce the dual-fuel vessel “Cajun Sun” successfully completed the first-ever net-zero voyage fuelled by bio-methanol. The voyage is an example of how Methanex and MOL are collaborating to demonstrate the viability of methanol as a marine fuel with a pathway to net-zero... Read More

Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders of $41 million and Adjusted EBITDA of $160 million in the fourth quarter. The average realized price in the fourth quarter was $373 per tonne compared to $377 per tonne in the third quarter of 2022. Full year 2022 net income attributable to Methanex shareholders of $354 million and Adjusted... Read More

VANCOUVER, British Columbia, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.175 per share. The dividend will be payable on March 31, 2023, to holders of common shares of record on March 17, 2023. Methanex is a Vancouver-based, publicly traded company and is the world's largest... Read More

VANCOUVER, British Columbia, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH), Stena Line and the Port of Gothenburg are proud to mark a new milestone in advancing methanol as a cleaner burning marine fuel—supporting the shipping industry’s shift towards decarbonization. On January 23, the world’s first methanol ferry, the Stena Germanica, was the first non-tanker to successfully complete... Read More

VANCOUVER, British Columbia, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation’s (TSX:MX) (NASDAQ:MEOH) President and CEO, Mr. Rich Sumner, participated in a fireside chat at the 26 th Annual CIBC Western Institutional Investor Conference on Thursday, January 19, 2023. An audio replay of Mr. Sumner’s remarks may be accessed through Methanex’s website at https://www.methanex.com/investor-relations/events . Methanex is a... Read More

VANCOUVER, British Columbia, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and supplier of methanol, is pleased to announce the following appointments to its executive leadership team (ELT) by Rich Sumner who, as previously announced, will assume the role of President and CEO as of January 1, 2023: Dean Richardson, currently Vice President, Corporate Finance, has... Read More

VANCOUVER, British Columbia, Dec. 06, 2022 (GLOBE NEWSWIRE) -- Waterfront Shipping, a subsidiary of Methanex , the world’s largest producer and supplier of methanol, announced today it has entered into a time-charter agreement with Trafigura, one of the world’s largest physical commodity trading groups. Under the agreement, Trafigura will operate the co-owned Waterfront Shipping and Clean Sea medium-range product tanker,... Read More

VANCOUVER, British Columbia, Dec. 02, 2022 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and supplier of methanol, is pleased to announce it has made a NZ$2 million investment to support the building of the new neonatal unit at Taranaki Base Hospital in New Zealand. The 10-year partnership provides funding for state-of-the-art treatment to care for the most vulnerable newborns... Read More

VANCOUVER, British Columbia, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Methanex , the world’s largest producer and supplier of methanol has been awarded a gold medal sustainability rating from EcoVadis , the leading assessment platform for environmental, social, and ethical performance ratings for global supply chains. The rating puts Methanex among the top 5% of all companies assessed. The EcoVadis gold medal assessment focuses on... Read More

VANCOUVER, British Columbia, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.175 per share. The dividend will be payable on December 31, 2022, to holders of common shares of record on December 17, 2022. Methanex is a Vancouver-based, publicly traded company and is the world's... Read More

Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders of $69 million and Adjusted EBITDA of $192 million. Geismar 3 ("G3") project progressing on time and on budget. First methanol production expected in the fourth quarter of 2023. The remaining capital of approximately $450 to $500 million is fully funded with cash on hand. Increased the... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and supplier of methanol, is pleased to announce it has been named Canada’s Safest Chemistry Employer at the 2022 Canada’s Safest Employer Awards (CSEA) ceremony. Presented by the Canadian Occupational Safety magazine and now in its 12th year, the awards program recognizes companies and professionals for outstanding health and safety achievements,... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and supplier of methanol, is pleased to announce it has made a significant investment to reduce carbon emissions at its Motunui facility in New Zealand. This multi-million-dollar investment will involve improving the technology in the facility’s distillation columns over the next 12 months. The efficiency improvements provide an economic payback within... Read More

Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that the Toronto Stock Exchange (the “TSX”) has approved the Company’s previously announced Normal Course Issuer Bid (“NCIB”). Pursuant to the NCIB, the Company will purchase for cancellation up to 3,506,405 common shares ("Shares"), representing 5% of the 70,128,109 Shares issued and outstanding as of September 15, 2022. Purchases will... Read More

The Board of Directors (“Board”) of Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that John Floren will retire as President and CEO and from the Board as of December 31, 2022. The Board has appointed Rich Sumner as President & Chief Executive Officer and member of the Board of Directors, effective January 1, 2023. Mr. Sumner currently holds the position of Methanex’s Senior Vice President, Global Marketing &... Read More

Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved a Normal Course Issuer Bid (“NCIB”) whereby the Company will purchase for cancellation up to 3,506,405 common shares ("Shares"), representing 5% of the Shares issued and outstanding as of September 15, 2022. The NCIB is subject to approval by the Toronto Stock Exchange (the “TSX”). Purchases... Read More

Net income attributable to Methanex shareholders of $125 million and Adjusted EBITDA of $243 million. Geismar 3 ("G3") project capital cost and schedule review completed in July. First methanol production is now expected in the fourth quarter of 2023 and the upper band of the capital cost range has been lowered by $50 million to $1.3 billion. The remaining capital spend of $525 to $575 million is fully funded with cash on... Read More

Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved a 20% increase in its quarterly dividend to US$0.175 per share from US$0.145 per share. The increased dividend will apply to the dividend payable on September 30, 2022, to holders of common shares of record on September 16, 2022. John Floren, President & CEO of Methanex, said, “The 20% dividend... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) will host an Investor Day on Thursday, June 16, 2022 in Geismar, Louisiana. Methanex’s executive leadership team will present a business update followed by a live Q&A at 12:00pm central time. A live webcast of the presentations and Q&A will be available at http://MethanexCorporationIRDay22.q4ir.com . The webcast will be available for replay. Methanex is a Vancouver-based, publicly... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held on April 28, 2022 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 61,242,426 common shares were voted at the meeting, representing 83.08% of all outstanding shares. Shareholders voted in favour of all items of business... Read More

Except where otherwise noted, all currency amounts are stated in United States dollars. Continued strong methanol pricing generated net income attributable to Methanex shareholders of $119 million and Adjusted EBITDA of $337 million. Methanol industry fundamentals remain solid entering the second quarter. High global energy prices have shifted the industry cost curve up and continue to provide methanol pricing support.... Read More

Methanex Corporation (the “Company”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved an amendment to its existing Normal Course Issuer Bid originally announced on September 16, 2021 (the “Bid”) which increases the number of common shares (“Shares”) that may be purchased under the Bid from 3,810,464 to 6,094,171, representing 10 percent of the public float at the time of the announcement of the... Read More

Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved a 16% increase in its quarterly dividend to US$0.145 per share from US$0.125 per share. The increased dividend will apply to the dividend payable on June 30, 2022 to holders of common shares of record on June 16, 2022. Methanex is a Vancouver-based, publicly traded company and is the world's... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and supplier of methanol, released its 2021 Sustainability Report today. The report captures a year of focused action on Methanex’s identified material environmental, social and governance (ESG) areas. “As a global leader in the methanol industry, we recognize that we have an opportunity and are well-positioned to actively participate in the transition... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that Mr. John Floren, Methanex’s President and CEO, will speak at the upcoming 25 th Annual Virtual CIBC Western Institutional Investor Conference on Wednesday, January 19, 2022 at 7:40 a.m. PT (10:40 a.m. ET). Those interested will be able to access a recording of Mr. Floren’s remarks through the Company’s website at... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) is pleased to announce the appointment of Xiaoping Yang to its Board of Directors effective January 1, 2022. Ms. Yang brings a deep knowledge of doing business in China, manufacturing operations, commodity markets, and health and safety. Ms. Yang is a chemical engineer with over 30 years of international energy and petrochemical business experience in the USA and Asia. From 1990 to... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.125 per share. The dividend will be payable on December 31, 2021 to holders of common shares of record on December 17, 2021. Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol to major international markets. Methanex shares are... Read More

Following a prior announcement made in mid-July 2021, Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (Methanex) and Mitsui O.S.K. Lines, Ltd. (TSE:9104) (MOL) have concluded definitive agreements for Methanex and MOL to establish a strategic partnership involving Methanex’s Waterfront Shipping (WFS) subsidiary. The definitive agreements are consistent with the previously announced Key Commercial Terms (Note 1), with MOL... Read More

Methanol prices reached multi-year highs leading to net income attributable to Methanex shareholders of $71 million and Adjusted EBITDA of $264 million Restarted construction on our advantaged Geismar 3 project which has been substantially de-risked and is well-positioned to be completed on-time and on budget with commercial operations targeted by late 2023/early 2024 Recently announced a reset of our quarterly dividend to... Read More

Methanex Corporation (the “Company” or “Methanex”) (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved a Normal Course Issuer Bid (“NCIB”) whereby the Company will purchase for cancellation up to 3,810,464 common shares ("Shares"), representing 5% of the 76,209,280 Shares issued and outstanding as of September 16, 2021. Purchases under the NCIB will commence on September 24, 2021 and end no later... Read More

Except where otherwise noted, all currency amounts are stated in United States dollars. Robust methanol prices supported an increase in net income attributable to Methanex shareholders to $107 million and Adjusted EBITDA to $262 million Strong liquidity and financial strength supported by a healthy cash balance, deleveraging initiatives and meaningful cash generation Announced key decisions aligned with our capital... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has approved an increase in its quarterly dividend to US$0.125 per share from US$0.0375 per share. The increased dividend will apply to the dividend payable on September 30, 2021 to holders of common shares of record on September 16, 2021. Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and... Read More

All currency amounts are stated in United States dollars Conference call and webcast scheduled for Friday July 16, 2021 at 10:00am Eastern Time (7:00am Pacific Time) Presentation materials will be available at www.methanex.com/investor-relations today at approximately 8:00am Eastern Time (5:00am Pacific Time) Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors unanimously approved two key... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) (Methanex) and Mitsui O.S.K. Lines, Ltd. (TSE:9104) (MOL) are pleased to announce that the parties have concluded Key Commercial Terms for the purchase and sale of an equity position in, and the establishment of a strategic partnership involving, Methanex’s Waterfront Shipping (WFS)... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and supplier of methanol, today released its 2020 Sustainability Report to share its progress on the material environmental, social and governance (ESG) topics of most importance to the company’s business and stakeholders. Methanex has reported on its... Read More

Waterfront Shipping, a wholly-owned subsidiary of Methanex Corporation ( Methanex), yesterday demonstrated the ease of ‘barge-to-ship’ bunkering as part of the launch of the world’s first barge-to-ship methanol bunkering operation at the Port of Rotterdam. Waterfront Shipping’s Takaroa Sun—a long-term chartered vessel owned by NYK Bulkship (Asia) Pte. Ltd., and a subsidiary of NYK—which was accorded special mention for Green... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held on April 29, 2021 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 59,353,231 common shares were voted at the meeting, representing 77.88% of all outstanding shares. Shareholders voted in favour of all items of business... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.0375 per share. The dividend will be payable on June 30, 2021 to holders of common shares of record on June 16, 2021. Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol to major international markets. Methanex shares are listed for... Read More

Except where otherwise noted, all currency amounts are stated in United States dollars. Net income attributable to Methanex shareholders rose to $105 million, supported by higher methanol prices Adjusted EBITDA rose to $242 million, the highest quarterly result since the third quarter of 2018. Completed a planned turnaround at the Geismar 2 plant and we expect to complete the Geismar 2 debottlenecking project by mid-2021.... Read More

Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors has declared a quarterly dividend of US$0.0375 per share. The dividend will be payable on March 31, 2021 to holders of common shares of record on March 17, 2021. Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol to major international markets. Methanex shares are listed for... Read More

Except where otherwise noted, all currency amounts are stated in United States dollars. Average realized methanol price increased to $282 per tonne in the fourth quarter from $217 per tonne in the third quarter of 2020 Continued improvement in global methanol demand, methanol industry supply outages and delayed start-up of new industry capacity additions supported higher methanol prices Net loss attributable to Methanex... Read More