We strive to be a safe, sustainable, secure and global methanol leader. We’re the only methanol supplier with well-established production facilities and sales in all major regions, and we continue to seek opportunities to demonstrate leadership on behalf of the industry. Here is a look back at a few highlights from the past year. This year, we started commercial production at our Geismar 3 facility, which sits adjacent to our existing G1 and G2 plants. That enables G3 to be one of our lowest-cost plants with one of the lowest CO2 emissions intensity profiles in the industry by utilizing excess hydrogen from the G1 and G2 steam reforming plants. G3 strengthens our asset portfolio given its location, access to abundant natural gas and lower cost structure – and further solidifies our position as the world’s largest methanol supplier. We also announced that we have entered into a definitive agreement to acquire OCI Global’s international methanol business, which includes two world-scale methanol facilities in Beaumont, Texas, one of which also produces ammonia, as well as a low-carbon methanol production and marketing business and a currently idled methanol facility in the Netherlands. We believe the transaction will provide significant long-term value to Methanex shareholders while aligning with our strategic objectives of industry leadership, operational excellence, and financial resiliency. We expect the transaction to close in the first half of 2025. Regarding leadership in the area of methanol as a marine fuel, our Trinidad team, along with our subsidiary Waterfront Shipping, completed the first ship-to-ship methanol bunkering demonstration in the Caribbean at the Port of Point Lisas. The demonstration further proves methanol is a safe and simple-to-handle cleaner fuel that provides a future-proof pathway to a low-carbon future. #methanol #ResponsibleCare
Tiago Nunes
1w
Congratulations to the Methanex team on these incredible achievements. It's exciting to see such strong leadership in sustainability and innovation within the methanol industry. The commercial production at the Geismar 3 facility and the acquisition of OCI Global’s methanol business are impressive steps forward.
You are advancing the planet incredible work 👷
Congratulations
Faruk Erkoc
1w
Congratulations Methanex....
Faruk Erkoc
1w
Fantastic update
Fantastic update!
VICE PRESIDENT - PROCUREMENT (BULK CHEMICALS) at RELIANCE INDUSTRIES LTD
1wVery good news and initiatives by Methanex. Being market leader, Methanex has always worked for low carbon future. This initiative will confirm there leadership in operational excellence. All the best in future🍀