Investor Presentation October 2023
17
Demand growth expected to
outpace capacity additions in the
mid-term requiring operating rates
to increase; structural operating
rate limits make this challenging
Structural operating rate limits impacting over
50% of global capacity
China - impacted by feedstock availability and
environmental restrictions
Iran - new plants have consistently run on an
intermittent basis due to technical issues and
natural gas constraints in the winter
Trinidad + Europe - impacted by feedstock
economics
~3.5% CAGR or +17 mmt
demand growth over next five years
MMT
140
120
100
80
60
40
10
Operating
rate
78%
76%
74%
72%
70%
68%
66%
64%
62%
60%
20
20
58%
Factors impacting operating rates
•
.
•
Feedstock availability and higher energy prices
Technical issues
Geopolitical challenges
Environmental restrictions
0
56%
2019
2020 2021 2022
2023
2024
2025
2026 2027 2028 2029 2030
Global methanol demand
Operating rate required to balance the market
Methanex | The Global Methanol Leader | Investor Presentation October 2023
Source: OPIS (Chemical Market Analytics) World Analysis, Fall 2023 Update. Operating rate
excludes hypothetical capacity that OPIS builds into forecast to balance the market
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