Methanex Corporation

Methanex Corporation

Chemical Manufacturing

Vancouver, British Columbia 72,330 followers

Methanex Corporation is the world’s largest producer and supplier of methanol.

About us

We make an essential product that improves everyday life and provides solutions for a sustainable future. We are the world’s largest producer and supplier of methanol to major international markets in Asia Pacific, North America, Europe and South America. Our methanol production sites are located in the United States, New Zealand, Trinidad, Chile, Egypt and Canada. We are headquartered in Vancouver, Canada, and the company’s common shares trade on the Toronto Stock Exchange under the symbol MX and on the NASDAQ Global Select Market under the symbol MEOH. Methanol is essential to everyday life today, and a pathway to a low-carbon future tomorrow. As a key chemical building block or as a fuel, when made from renewable sources, methanol can help society achieve its decarbonization goals. Methanol is an essential chemical building block for hundreds of consumer and industrial products, including paints, carpets, fabrics, building materials, and a variety of health and pharmaceutical products. It’s also difficult to substitute based on its unique chemistry, scale, ease of transport and cost. A cleaner-burning fuel, methanol can help improve air quality by reducing emissions compared to traditional fuels such as diesel or coal. As it can be made from renewable sources, methanol fuel can also help society achieve its decarbonization goals. Methanex can be visited online at http://www.methanex.com.

Website
http://www.methanex.com
Industry
Chemical Manufacturing
Company size
1,001-5,000 employees
Headquarters
Vancouver, British Columbia
Type
Public Company
Founded
1968
Specialties
Methanol and Petro-Chemical

Locations

  • Primary

    1800 Waterfront Centre

    200 Burrard Street

    Vancouver, British Columbia V6C 3M1, CA

    Get directions

Employees at Methanex Corporation

Updates

  • View organization page for Methanex Corporation, graphic

    72,330 followers

    Methanol is already being used as a lower emission fuel alternative, and when produced using renewable sources, it can also be low-carbon on a lifecycle basis. As a marine fuel, methanol can reduce emissions of SO× (sulfur oxide) and particulate matter by more than 95 per cent and NO× (nitric oxide) by up to 80 per cent. A cleaner-burning fuel than diesel and gasoline, methanol is used to fuel cars, buses and trucks. Methanol is also used to produce fuel additives (MTBE) to help reduce tail-pipe emissions and in the production of biodiesel which is a diesel substitute. It’s a clear, biodegradable liquid that is integral to our day-to-day lives today, and plays a key role in a more sustainable tomorrow. Learn more about methanol as a marine fuel: https://bit.ly/3ZdzHb5 Learn more about methanol as a vehicle fuel: https://bit.ly/4b7h7HS

  • View organization page for Methanex Corporation, graphic

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    Methanol can help improve local air quality by reducing air emissions compared to traditional fuels such as diesel or coal. Methanol-fuelled boilers in China generate heat and steam for industrial applications, and methanol provides a heat source for commercial and residential applications like kilns and cooking stoves. It’s also used in applications that harness clean energy, such as solar panels and wind turbines. It’s a clear, biodegradable liquid that is integral to our day-to-day lives today, and plays a key role in a more sustainable tomorrow. Learn more: https://bit.ly/4b7h7HS

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    Methanex has a team of global experts who work across all of our manufacturing locations helping us continue to innovate as we strive to achieve the high standards that we set for ourselves. They're led by Matthew Geary who shares a little about his role, his career path, and about the important role the global experts play, including in the design and construction of our Geismar 3 plant. Meet Matt! https://bit.ly/3RKRc1R

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  • View organization page for Methanex Corporation, graphic

    72,330 followers

    On June 25, we join the International Maritime Organization (IMO) in celebrating the Day of the Seafarer, a day to acknowledge the essential contributions seafarers make to our everyday lives. Approximately 85 per cent of our product is transported by our subsidiary Waterfront Shipping (WFS). As the world’s largest producer and supplier of methanol, we are committed to using our leadership position to promote methanol safety best practices and set high safety standards. To achieve reliable transport and safe operations, WFS works closely with ship owners and ship management companies, responsible for the technical operation of WFS vessels including maintenance and regulatory compliance. WFS conducts regular internal and external assessments to determine the safety of vessels and their crews. In addition to these assessments, we aim to have a WFS marine safety expert spend 1.5 days annually on each of vessel in our fleet to conduct a safety visit. These visits include a review of more than 500 health and safety items and involve significant interaction with all levels of officers and crew on board. For example, during these visits, our expert checks that Stop Work authorizations are being enforced, ensuring that any crew member, regardless of rank, can stop work if they observe something unsafe. They also encourage crews to report near misses and raise safety concerns. Our experts also work with our partners to ensure the atmosphere on board the vessel is respectful and promote mental health awareness and monitoring. They consider factors such as internet access for crews, which can be challenging for all vessels at sea. We make sure that crews have sufficient internet access for activities like video calls with family, and we collaborate with our partners to enhance access to essential resources and improve conditions so that crews feel comfortable while at sea. Darius Sarmiento, Marine Assurance and Responsible Care Specialist, is one of our North American team members who boards our vessels to conduct safety visits, and he shared a few photos of inspections and demonstrations from vessel visits in 2023 and 2024.

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  • View organization page for Methanex Corporation, graphic

    72,330 followers

    Across our six manufacturing locations around the world, we have 11 plants which run 24/7 while producing methanol. To ensure that they continue to operate efficiently and safely, for our employees, for the environment, and for our communities, we need to run regular maintenance. While some activities can be completed at any time, there are a few critical activities that require us to take a plant offline. Each plant comes down for about a month every four to five years so that we can complete turnarounds. Turnarounds are major maintenance events that allow us to complete maintenance, inspection, testing and upgrades on equipment and systems, as well as to change catalysts and execute capital projects, including those that enhance reliability and reduce process safety risk. Since hundreds of workers are involved and hundreds of thousands of work hours go into these maintenance events, safety is of the utmost importance. In 2023, Methanex continued to drive strong safety performance through three major turnaround projects around the globe. All three turnarounds achieved solid safety performance by focusing on proactive and consistent safety behaviours. We’re grateful to our team of employees and contractors who work together with a strong focus on zero harm. Learn more in our latest Sustainability Report here: https://bit.ly/3PcAxTs

  • View organization page for Methanex Corporation, graphic

    72,330 followers

    Low-carbon methanol can support the decarbonization goals of downstream chemical producers and help produce lower-carbon consumer and industrial products. In fact, our biomethanol has reduced the CO2 intensity per kilogram of the end product for one of our customers by more than 50%. Methanol can also be used as a fuel for thermal applications, including industrial boilers, kilns, heating furnaces and cooking fuel. When used in thermal applications, it has significantly lower local air pollutant emissions (i.e., NO×, SO× and PM) than coal or other fossil fuels. For example, in China, boilers are used extensively to generate heat and steam for various industrial and commercial applications, and they’ve traditionally been coal-fueled. However, environmental regulations being phased in by the Chinese government have led to a transition to cleaner-burning fuels, including methanol. For the past two decades, methanol has been used as a cleaner-burning cooking fuel in Africa, China, and India. According to a 2022 report by the International Energy Agency, 2.6 billion people around the world relying on solid biomass, kerosene, or coal as their primary cooking fuel. Methanol could play a role in scaling access to cleaner cooking fuels. Finally, methanol is an affordable substitute for gasoline and diesel in countries looking to transition away from fuels that contribute to high levels of air pollution. Methanol’s efficient combustion, safety, ease of distribution and wide availability around the world make it an attractive alternative fuel for transportation as an additive or in fuel blends for passenger vehicles. It can also be used in public transit and in heavy-duty vehicles, which often rely on diesel. In India, a pilot is underway with approximately 100 city buses running on methanol blended fuel, and in China, there are approximately 30,000 methanol-powered sedans on the road, and over 4,000 methanol heavy-duty trucks in operation, with that number expected to reach over 50,000 by 2026. Learn more in our Sustainability Report: https://bit.ly/3PcAxTs

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