Profile: Methanex Corp (MX.TO)
19 Jul 2019
Methanex Corporation, incorporated on March 5, 1992, is a producer and supplier of methanol to a range of international markets in North America, Asia Pacific, Europe and South America. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, and Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers. Its global supply chain and distribution network provides its customers with supply of methanol. Its subsidiary, Waterfront Shipping Company Limited, operates its fleet, which is made up of approximately 20 vessels ranging from 3,000 to 50,000 deadweight tons of capacity. It has over three production facilities in New Zealand that supply methanol primarily to customers in Asia Pacific. The Company operates over two plants in Trinidad, Titan and Atlas, which supply methanol to markets in North America, Europe, Asia Pacific and South America.
The Company's joint venture facility in Egypt is located on the Mediterranean Sea, and supplies methanol to markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile caters to customers in South America. Its total annual production capacity, including Methanex interests in jointly owned plants, is approximately 9.4 million tons, and is located in New Zealand, the United States, Trinidad, Egypt, Canada and Chile. In addition to the methanol produced at its sites, the Company purchases methanol produced by others under methanol offtake contracts and on the spot market. The Company operates an approximately 1.26 million tons per year methanol facility in Egypt and has marketing rights for the production. The Egypt methanol facility is located to supply European and Asia Pacific methanol markets. The Company produces over 148,000 metric tons at this plant. Its Medicine Hat facility produces approximately 0.5 million tons.
1800-200 Burrard St
VANCOUVER BC V6C 3M1