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.
Website www.methanex.com

Methanex Corporation is a Canadian company that supplies, distributes and markets methanol worldwide. Methanol is an essential ingredient used to produce hundreds of everyday industrial and consumer items. It is also a clean-burning, cost-competitive alternative fuel. [1]

Methanex is the world’s largest producer and supplier of methanol to major international markets in North America, Asia Pacific, Europe and South America.  Headquartered in Vancouver, Canada, Methanex currently operates production sites in Canada, Chile, Egypt, New Zealand, the United States and Trinidad and Tobago.  Its global operations are supported by an extensive global supply chain of terminals, storage facilities and the world’s largest dedicated fleet of methanol ocean tankers. [1]

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.[2]

In January 2012, Methanex announced it would move one of its idle Chilean plants to the United States.[3] 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.[4] 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.[5]

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 wholly owned subsidiary, Waterfront Shipping Limited, is a global marine transportation company that operates a fleet of 28 ocean tankers. [6] In 2016, the company announced the delivery of seven first Korean and Japanese built methanol-fueled ocean tankers. [7]

References[edit]

  1. ^ a b "About Us | Methanex Corporation". www.methanex.com. Retrieved 2017-05-09. 
  2. ^ Lazaroff, Cat (11 September 2000). "US: Billion Dollar Nafta Challenge to California MTBE Ban". Environment News Service. 
  3. ^ Tippee, Bob (7 February 2012). "Methanex to move methanol plant to Geismar". Oil & Gas Journal. 
  4. ^ "Methanex: Global Methanol Production Facilities" (PDF) (Press release). Methanex. 8 May 2012. 
  5. ^ "Methanex Planning to Relocate a Methanol Plant to the US Gulf Coast" (Press release). Methanex. 17 January 2012. 
  6. ^ "Ocean Tanker Global Shipping | About | Waterfront Shipping". wfs-cl.com. Retrieved 2017-05-09. 
  7. ^ "Korea and Japan Welcome the First Methanol-Fueled Ocean-Going Vessels | Methanex Corporation". www.methanex.com. Retrieved 2017-05-09. 

External links[edit]