Investor Presentaiton
21
Geismar 3 is an industry-leading plant
Optimizing efficiency and reducing emissions intensity through synergistic design
Investment strategy
Meeting growing demand for methanol
Significant capital and operating cost
savings from brownfield site advantages
generates strong project returns and cash
flow generation
One of the lowest CO2 emissions intensity
profiles in the industry at ~0.4 tonnes of
CO2/tonne of methanol compared to our
portfolio intensity of 0.6 which is ~5 times
lower than a coal-based methanol plant
Significantly de-risked during care and
maintenance period; all major equipment
items are onsite
Key milestones
Broke ground September 2019; project
put on care and maintenance Q2 2020 to
Q3 2021 due to the pandemic; restarted
construction in August 2021
~50% complete as of February 28, 2022
Q2
•
- Q4 2022
Pipe rack installation
•
Tank erection
•
•
Foundations
Electrical + instrumentation
2023
•
•
HV power energized
Utility systems commissioned
Oxygen available
Mechanical completion
Project highlights
1.8 mmt methanol plant located adjacent existing
Geismar 1 and 2 plants
Capital spend $1.25-1.35 billion
$625 725 million of remaining capital costs
(as of Q1 2022)
Commercial production by end of 2023/early 2024
methanex
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