Methanex

{{short description|Canadian methanol company}}

{{Infobox company

|name = Methanex Corporation

|logo = Methanex logo.svg

|logo_size = 175px

|image = METHANEX MEDICINE HAT 2020 (50357025938).jpg

|image_size =

|image_alt =

|image_caption = Methanex facility in Medicine Hat, Alberta

|type = Public |

|traded_as = {{tsx|MX}}
{{NASDAQ|MEOH}}

|foundation =

|location_city = Vancouver, British Columbia

|location_country = Canada

|location =

|locations =

|key_people = Rich Sumner (CEO)
Dean Richardson (CFO)

|area_served =

|industry = Methanol

|products = Methanol

|services =

|revenue =

|operating_income =

|net_income =

|num_employees =

|parent =

|divisions =

|subsid = Waterfront Shipping Ltd.

|homepage ={{url|http://methanex.com/}}

|dissolved =

|footnotes =

}}

Methanex Corporation is a Canadian company that supplies, distributes and markets methanol worldwide.{{Cite web|url=https://www.methanex.com/about-us|title=About Us {{!}} Methanex Corporation|website=www.methanex.com|language=en|access-date=2017-05-09}}

Methanex is the world’s largest producer and supplier of methanol to major international markets in North and South America, Europe, and Asia Pacific.{{Cite web|agency=The Canadian Press|date=2021-07-16|title=Methanol producer Methanex raising quarterly dividend to 12.5 cents US per share - BNN Bloomberg|url=https://www.bnnbloomberg.ca/methanol-producer-methanex-raising-quarterly-dividend-to-12-5-cents-us-per-share-1.1629819|access-date=2021-09-02|website=BNN}} Methanex is headquartered in Vancouver, British Columbia, Canada, and operates production sites in Canada, Chile, Egypt, New Zealand (at Motunui and Waitara Valley), 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.

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 US$970 million in compensation from the state.{{cite web|url= http://www.corpwatch.org/article.php?id=570| title= US: Billion Dollar Nafta Challenge to California MTBE Ban | first=Cat |last=Lazaroff |date=11 September 2000 |publisher=Environment News Service}} The challenge was ultimately not successful and Methanex was ordered to reimburse the U.S. government $4 million in litigation costs.{{cite web|url= https://cen.acs.org/articles/83/i36/Methanex-Loses-US-Wins.html| title= Methanex Loses U.S. Wins| first=Cheryl| last=Hogue| date=5 September 2005 |publisher= C&EN Washington}}

In 2012, Methanex announced that it acquired land in Geismar, Louisiana, and that it would move one of its idle Chilean methanol plants there.{{cite web |last=Tippee |first=Bob |date=7 February 2012 |title=Methanex to move methanol plant to Geismar |url=http://www.ogj.com/articles/2012/02/methanex-to-move-methanol-plant-to-geismar.html |publisher=Oil & Gas Journal}}{{cite press release| url=http://www.methanex.com/newsroom/documents/MX_Global_Methanol_Production_Facilities_2012.pdf| title=Methanex: Global Methanol Production Facilities| publisher=Methanex| date=8 May 2012| url-status=dead| archiveurl=https://web.archive.org/web/20120907140601/http://www.methanex.com/newsroom/documents/MX_Global_Methanol_Production_Facilities_2012.pdf| archivedate=7 September 2012}} Methanex confirmed that the reason was the low price of natural gas available in North America and Louisiana.{{cite press release| url=http://cnrp.ccnmatthews.com/client/methanex/media_release.jsp?actionFor=1557166&releaseSeq=1| title=Methanex Planning to Relocate a Methanol Plant to the US Gulf Coast| date=17 January 2012| publisher=Methanex| access-date=19 June 2012| archive-url=https://archive.today/20130118205058/http://cnrp.ccnmatthews.com/client/methanex/media_release.jsp?actionFor=1557166&releaseSeq=1| archive-date=18 January 2013| url-status=usurped}}

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