Methanex Corp

Title: Methanex Corp
Category: Energy
Clicks: 2
Added on: Jun 16, 2012
Methanex Corp is a major supplier of methanol on the markets in Europe, Asia Pacific, North America, and Latin America. It is a leader in the distribution, supply and marketing of methanol and is headquartered in Vancouver. The company has an international network of production facilities found in Canada, Egypt, Trinidad and Tobago, New Zealand, and Chile. In addition, the company maintains marketing offices around the world – in the US, the United Kingdom, Japan, and other countries. Methanex Corp is traded on NASDAQ under the ticker symbol MEOH and on TSX under MX. The main competitors of the company are Celanese Corporation, Georgia Gulf Corporation, Cytec Industries Inc., and others.

In 1968, the gas and oil exploration company Ocelot Industries was incorporated in Alberta. Ocelot Industries built its first operating plant in Kitimat, British Columbia in 1982. After building the methanol plant, the company opened its ammonia plant in 1987. In 1991, Ocelot split into three companies, and the ammonia and methanol businesses were incorporated as Methanex Corp.

At present, the company’s distribution terminals, sales offices, production facilities, and storage facilities are situated in major regional markets, and this allows Methanex Corp to supply its clients around the world. The company also maintains the biggest fleet of methanol tankers worldwide.

The Chilean plants of the company supply customers in Latin America, Europe, North America, and Asia. Due to insufficient supply of gas, production is presently limited. The plants in Trinidad and Tobago have a significant production capacity (over 2 million tonnes a year), which makes Trinidad a key production centre for the company. The plants of Methanex Corp in New Zealand supply customers in China, South Korea, and Japan. The methanol plant operating in Egypt supplies mainly the European markets. All methanol facilities of the company have over 95 percent plant reliability rate, making them some of the most reliable methanol facilities worldwide. The distribution and production facilities of Methanex Corp are certified in compliance with ISO 9001:2000, the standard of quality in management and operations. The company is also a recipient of a variety of environmental and safety awards such as the Merit Award by the Chilean Safety Association.
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