The Power of Agility - Methanex Capacity and Financials
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Project overview
Size: 1.8M tonne methanol plant
Location: Geismar, Louisiana adjacent to existing Geismar 1 and
plants (current capacity 2.2M tonnes)
Key dates:
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July 2019 reached a final investment decision
April 2020 - placed project on temporary "care and maintenance"
July 2021 board unanimously approved restarting construction
October 2021 - construction restarted
Commercial operations targeted for the end of 2023/early 2024
Reliable capital cost estimates:
Revised capital cost estimate of $1.25-$1.35 billion
Original estimate was $1.3-$1.4 billion
Approximately $455M committed as of the end of Q3 2021 through
the care and maintenance period
Approximately $800-900M of remaining capital costs, after resuming
construction, with healthy allowances to cover remaining risks
MAMMOET
MMOEView entire presentation