Investor Presentation March 2024
Growing Markets for
Methanol
Demand for conventional and
low-carbon methanol continues
to grow across a variety of
applications
MARINE FUEL
M100
2023 was the first year that orders for dual-fuel methanol ships outpaced
orders for LNG-powered ships; based on the current order book by the
end of 2028 there will be over 250 methanol ships on the water. Our
majority owned Waterfront Shipping subsidiary who pioneered the
methanol engine has 19 dual-fuel methanol ships.
Biomethanol and e-methanol are two of the few fuels that can qualify
as a green fuel under EU regulations.
VEHICLE FUEL AND FUEL ADDITIVES
CHEMICAL APPLICATIONS
There are ~30,000 M100 sedans and ~4,000
heavy duty trucks running on methanol in
China helping to reduce air pollution. Geely,
the manufacturer, has significant growth
plans for its heavy duty truck fleet to further
reduce air pollution in inland China.
Methanex sells low-carbon methanol from
Geismar into traditional chemical applications
in Europe today and is in discussions with
other chemical customers about supporting
their decarbonization goals.
methanex
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