Methanex

Methanex Corporation
Public
Traded as TSX: MX
NASDAQ: MEOH
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. [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.

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

  1. ↑ "Vancouver's Methanex delays methanol shipment from new Egypt plant". Vancouver Sun. postmedia. Retrieved 2011-03-15.
  2. 1 2 "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" (PDF) (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.
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