The Power of Agility - Methanex Capacity and Financials
30
Geismar 3 project is significantly de-risked and well-positioned for
success
Total
project
cost
$1.25B-
$1.35B
Construction labour
•
Construction
labour
Strong project and construction management capability with prior Geismar 1 and 2 project experience
G3 project is well-positioned in the construction market ahead of other major projects
Utilizing sub-contractors with proven experience and track record from our Geismar 1 and 2 projects
Applied learnings from Geismar 1 and 2 projects to further enhance construction productivity
~$800M
- 900M
to go¹
Fixed or
firm costs
Fixed or firm project costs
Large portion of remaining project costs are fixed or firm including:
Integrated project team and other Owner's costs (e.g. salaries, catalyst supply, key spare parts already procured)
Pricing established for most of the remaining bulk material costs (mainly piping and structural steel)
Residual bulk material spend will be fixed before the end of 2021
Spend through Q3 2021
Focus of spend during this period has significantly de-risked future project execution - such as:
•
~1/3 of total project costs spent since FID and through 'care and maintenance'
Spend through
end of Q3
2021
Site preparations complete allow for early resumption of main construction activities
Engineering substantially (>95%) complete eliminating potential scope risk and improves construction productivity
Long-lead equipment procured and fabricated and will arrive on site early reducing schedule risk
1 Reflects remaining capital costs, after resuming construction, with healthy allowances for both escalation and contingency costs
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