Methanex Corporation
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in mil. unless spec.Company Description
- CEO
- Rich Sumner
- Full Time Employees
- 1,649
- Sector
- Process industries
- Industry
- Chemicals: specialty
- Address
- 1800 Waterfront Centre Vancouver BC Canada V6C 3M1
- IPO Date
- Sep 17, 1991
- Website
- methanex.com
- Similar Companies
- Business
- Methanex Corporation is the world's largest producer and supplier of methanol to major international markets, including North America, Asia Pacific, Europe, and South America. The company manufactures methanol and supplies it for various applications such as adhesives, coatings, plastics, textiles, paints, solvents, polyester resins and fibers, and silicone products. Methanex also focuses on emerging uses of methanol in cleaner-burning fuels for transportation, marine fuel applications, and the production of biodiesel and dimethyl ether (DME). Founded in 1953 and headquartered in Vancouver, British Columbia, Methanex operates a global network of methanol production facilities and manages distribution to customers worldwide. A significant recent development for Methanex includes the acquisition of OCI Global's international methanol business, completed in June 2025 for approximately $2.05 billion. This acquisition expanded Methanex's asset portfolio with two world-scale methanol production facilities in Beaumont, Texas, enhancing its North American presence and access to natural gas feedstock. OCI holds a 13 percent ownership interest in Methanex post-transaction. The acquisition is expected to generate around $30 million in annual cost synergies through reduced logistics and administrative costs. Methanex is integrating the acquired assets into its global operations and strategic plans, including debt reduction and leveraging operational expertise. The company is also advancing sustainability initiatives such as producing methanol from renewable sources and exploring low-carbon methanol including green and e-methanol options at select sites. Further, Methanex pursues growth opportunities in the marine methanol fuel market and maintains strong financial discipline with a focus on deleveraging and operational efficiency.
Company News
Methanex (MEOH) Upgraded to Strong Buy: Here's Why
Is Methanex (MEOH) Stock Undervalued Right Now?
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Should Value Investors Buy Methanex (MEOH) Stock?
Methanex Announces US$300 Million Partial 2027 Note Redemption
Engineers Gate Manager LP Grows Stock Holdings in Methanex Corporation $MEOH
Here's Why You Should Hold Onto MEOH Stock for Now
Methanex: Portfolio High-Grading Creates A Reliability Premium
BlackRock Inc. Takes Position in Methanex Corporation $MEOH
Methanex to Idle New Zealand Production Facilities Amid Gas Shortage
Methanex plans to idle New Zealand plants as gas supply dwindles
Methanex Provides Update on New Zealand Operations
MEOH Refinances Natgasoline Bonds to Improve Financial Flexibility
Methanex Provides Update on Natgasoline Refinancing
Methanex Corp (MEOH) Stock Down 3.0% but Still Overvalued -- GF Score: 71/100
Wall Street Analysts Think Methanex (MEOH) Could Surge 30.92%: Read This Before Placing a Bet
Methanex Q2 Earnings Call Highlights
Methanex's Q2 Earnings Miss Estimates Despite Strong Methanol Pricing
Methanex (MEOH) Q2 Earnings and Revenues Lag Estimates