Methanex

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Methanex Corporation
Public
Traded as TSXMX
NASDAQMEOH
Industry Methanol
Headquarters Vancouver, Canada
Key people
John Floren, CEO
Ian Cameron, CFO
Products Methanol
Subsidiaries Waterfront Shipping Ltd.
Slogan A Responsible Care Company
Website www.methanex.com

Methanex Corporation is a Canadian company that supplies, distributes and markets methanol worldwide. [1]

Headquartered in Vancouver, Canada, Methanex has a global network of operating facilities in Chile, New Zealand, Trinidad and Tobago, Egypt and Canada. [2] These facilities have a combined production capability to produce 8 to 9 million tonnes of methanol a year.[2]

Methanex Corporation challenged California's plan to eliminate methyl tertiary butyl ether (MTBE) from gasoline on grounds of water pollution prevention, claiming protection under Chapter 11 of NAFTA and demanding $970 million in compensation from the state.[3]

In January 2012, Methanex announced it would move one of its idle Chilean plants to the United States.[4] Methanex later confirmed that they acquired land in Geismar, LA and Geismar would be the site in the United States where the idle Chilean plant would be moved to.[5] Methanex CEO, Bruce Aitken, confirmed in a press release on January 17, 2012 that the reason Methanex was shifting a methanol production plant from Chile to North America, specifically Louisiana, is due to the low price of natural gas available in North America and Louisiana.[6]

Regional marketing offices are located in Belgium, Chile, China, Egypt, Korea, Japan, the United Arab Emirates, the United Kingdom and the United States.

Waterfront Shipping Ltd.[edit]

Methanex's operations are supported by a fleet of 19 methanol ocean tankers, which are managed by Waterfront Shipping Limited, a wholly owned subsidiary of Methanex. [7]

References[edit]

  1. ^ "Vancouver's Methanex delays methanol shipment from new Egypt plant". Vancouver Sun. postmedia. Retrieved 2011-03-15. 
  2. ^ a b "Methanex: A Unique Play on a Promising Technology". Seeking Alpha. Retrieved 2011-03-15. 
  3. ^ Lazaroff, Cat (11 September 2000). "US: Billion Dollar Nafta Challenge to California MTBE Ban". Environment News Service. 
  4. ^ Tippee, Bob (7 February 2012). "Methanex to move methanol plant to Geismar". Oil & Gas Journal. 
  5. ^ "Methanex: Global Methanol Production Facilities" (Press release). Methanex. 8 May 2012. 
  6. ^ "Methanex Planning to Relocate a Methanol Plant to the US Gulf Coast" (Press release). Methanex. 17 January 2012. 
  7. ^ "Overview". Waterfront Shipping Ltd. Retrieved 2011-03-15. 

External links[edit]