Welcome to our dedicated page for Methanex news (Ticker: MEOH), a resource for investors and traders seeking the latest updates and insights on Methanex stock.
Methanex Corp (MEOH) is the world's leading methanol producer, supplying this essential chemical feedstock to global energy and manufacturing markets. This news hub provides investors and industry professionals with timely updates on corporate developments, operational milestones, and strategic initiatives shaping the methanol industry.
Access official press releases covering quarterly earnings, production capacity changes, and supply chain innovations alongside analysis of market trends impacting methanol demand. Our curated collection helps stakeholders monitor regulatory developments, sustainability initiatives, and partnership announcements critical to Methanex's position in the chemicals sector.
Key updates include plant operations across North America and Asia-Pacific regions, logistics network expansions, and technological advancements in methanol production. Bookmark this page for direct access to filings, executive commentary, and operational updates from the global leader in methanol supply chain solutions.
Methanex Corporation (NASDAQ:MEOH) has completed its acquisition of OCI Global's international methanol business for approximately $1.2 billion in cash, 9.9 million common shares, and the assumption of $450 million in debt and leases.
The acquisition includes two world-scale methanol facilities in Beaumont, Texas with access to North American natural gas feedstock (one also producing ammonia), a low-carbon methanol production and marketing business, and an idled methanol facility in the Netherlands. The company has filed a base shelf prospectus in British Columbia and with the SEC as part of the transaction.
OCI Global has successfully completed the sale of its Global Methanol Business to Methanex Corporation (NASDAQ: MEOH) in a transaction valued at $1.6 billion. The deal comprises approximately $1.3 billion in cash and 9.9 million Methanex shares valued at $346 million, making OCI the second-largest shareholder in Methanex with a 12.9% stake.
Following the transaction, OCI plans to launch a tender offer for its $600 million 6.700% Notes due 2033 at 110.75% of par value. Additionally, the company intends to return up to $1 billion to shareholders through 2025 and early 2026, with a first tranche of $700 million approved for payment by September 2025.
Methanex Corporation (MEOH) held its Annual General Meeting on May 1, 2025, in Vancouver, with 82.2% of outstanding shares represented. Shareholders approved all items of business, including the election of all 11 director nominees with strong support ranging from 98.99% to 99.94% approval. KPMG LLP was re-appointed as auditor with 73.04% votes in favor. The company's executive compensation approach received 80.76% shareholder approval in a non-binding advisory vote.
Methanex Corporation (NASDAQ:MEOH), the world's largest methanol supplier, has announced the successful restart of its Geismar 3 (G3) methanol plant in Louisiana. The 1.8 million tonne facility has resumed methanol production following an unplanned outage that occurred in late February. The plant is now back online and operational.
Methanex, the world's largest methanol supplier, has announced a quarterly dividend of US$0.185 per share. The dividend will be distributed on June 30, 2025, to shareholders of record as of June 16, 2025.
The Vancouver-based company's shares are dual-listed on major exchanges:
- Toronto Stock Exchange (Symbol: MX)
- NASDAQ Global Select Market (Symbol: MEOH)
Methanex reported strong Q1 2025 financial results with net income of $111 million ($1.44 per share) and Adjusted EBITDA of $248 million. The company's average realized methanol price increased to $404 per tonne from $370 in Q4 2024.
Production reached 1,619,000 tonnes, down from 1,868,000 tonnes in Q4 2024 due to a planned turnaround at Geismar 2 and an unplanned outage at Geismar 3, partially offset by higher production from Chile. The company maintained a strong liquidity position with $1,087 million in cash.
Key developments include the expected closure of OCI Global's international methanol business acquisition in Q2 2025 and the scheduled restart of Geismar 3 by early May 2025. The company returned $12.5 million to shareholders through regular dividends in Q1. Management noted moderating methanol pricing at the start of Q2 due to increased supply and global energy pricing decline.
Methanex (MEOH) reported an unplanned outage at its Geismar 3 (G3) methanol plant in Louisiana, which occurred in late February 2025. The 1.8 million tonne facility requires repairs to its autothermal reformer (ATR), with plant restart estimated by early May 2025.
During the downtime, management will advance previously scheduled maintenance work that was initially planned as a separate three-week outage, which will no longer be necessary. The company expects the repairs' financial impact to primarily affect second quarter results due to reduced produced methanol sales, though repair costs are not anticipated to be material.
Methanex (TSX:MX) (Nasdaq:MEOH) has released its 2024 Sustainability Report, highlighting the company's progress on key sustainability initiatives. CEO Rich Sumner proudly announced their best-ever safety performance in 2024, placing Methanex in the top ten percent for safety among American Chemistry Council's Responsible Care members.
The report details how Methanex protects and develops its people, minimizes environmental impact, and contributes to communities. As the world's largest producer and supplier of methanol, the company emphasizes its role in providing an essential product that improves everyday life while offering solutions for a sustainable future.
Methanex is headquartered in Vancouver and trades on both the Toronto Stock Exchange (MX) and Nasdaq (MEOH). The full 2024 Sustainability Report is available on their website.
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