Methanex Project Overview
5
Business highlights
1
Robust methanol prices supported by higher global energy prices, ongoing industry supply challenges and demand recovery
2
Strong financial results and cash generation highlight the significant leverage of our earnings to methanol prices
3
4
5
Finalized strategic shipping partnership agreement between Methanex and Mitsui O.S.K. Lines Ltd (MOL)
•
MOL to acquire a 40% minority in Waterfront Shipping (Methanex subsidiary) for $145 million
Strengthening our global asset portfolio
•
.
•
Completed low-cost debottlenecking project in Geismar, Louisiana (annual production increase of 0.2M tonnes)
Restarted production at our Chile IV plant (annual operating capacity of 0.8M tonnes)
Building our Geismar 3 methanol project, which is significantly de-risked, with commercial operations targeted for late 2023/early 2024
(1.8M tonnes)
Disciplined and consistent capital allocation priorities with commitment to returning excess cash to shareholders
•
•
Increased emphasis on financial flexibility with higher cash balances, lower leverage and flexible vehicles for shareholder distributions
Announced a reset of our quarterly dividend to $0.125 per share
Approved a 5% share repurchase program
methanex
the power of agilityView entire presentation