Methanex Corp - Company Profile
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Methanex Corp (Methanex) is a chemical company that carries out the production, marketing, and supply of methanol. The company's main activities include the production and distribution of methanol and ammonia. Methanex's major products are methanol, used in various chemical and energy applications, and ammonia, primarily used in agriculture and industry. The company also holds marketing rights for production from jointly owned plants in Trinidad and Egypt. It serves diverse industries, including resins, plastics, paints & coatings, resins, paper, textiles, adhesives, film, textiles, paint removers, polyester resins and fibres, explosives, herbicides, pesticides, poultry feed additives, and a variety of health and pharmaceutical products. Methanex operates production sites in New Zealand, the US, Trinidad, Egypt, Canada, and Chile. The company has operations in major markets across North America, Asia Pacific, Europe, and South America. Methanex is headquartered in Vancouver, British Columbia, Canada.
Headquarters
Canada
Address
1800 Waterfront Centre, 200 Burrard Street, Vancouver, British Columbia, V6C3M1
Website
www.methanex.com
Telephone
1 604 6612600
No of Employees
1,649
Industry
Chemicals
Ticker Symbol & Exchange
MX (TSE)
Revenue (2024)
$3.6B
-3.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-51.3%
(2024 vs 2023)
Market Cap*
$4.3B
Net Profit Margin (2024)
XYZ
-49.4%
(2024 vs 2023)
* As of and is in US$
Methanex Corp premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Methanol | The Power of Agility |
| Ammonia |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In April, Methanex Egypt signed an agreement with the Ministry of Petroleum and Mineral Resources to enhance operational safety and asset integrity in Egypt’s oil, gas, and petrochemical sector. |
| 2026 | New Products/Services | In February, the company, Exolum, and Orsted introduced the UK’s commercially ready biomethanol storage and marine supply service at the Port of Immingham. |
| 2025 | Acquisitions/Mergers/Takeovers | In June, the company acquired OCI Global’s international methanol business, for US$1.2 billion. |
Competitor Comparison
| Key Parameters | Methanex Corp | BASF SE | Petroliam Nasional Bhd | Celanese Corp | Petronas Chemicals Group Bhd |
|---|---|---|---|---|---|
| Headquarters | Canada | Germany | Malaysia | United States of America | Malaysia |
| City | Vancouver | Ludwigshafen | Kuala Lumpur | Irving | Kuala Lumpur |
| State/Province | British Columbia | Rheinland-Pfalz | Kuala Lumpur (Federal Territory of) | Texas | Kuala Lumpur (Federal Territory of) |
| No. of Employees | 1,649 | 94,910 | 54,105 | 11,434 | 6,355 |
| Entity Type | Public | Public | Government | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Doug Arnell | Chairman | Executive Board | 2019 | - |
| Rich Sumner | Chief Executive Officer; President; Director | Executive Board | - | - |
| Dean Richardson | Senior Vice President - Finance; Chief Financial Officer | Senior Management | - | - |
| Gustavo Parra | Senior Vice President - Manufacturing | Senior Management | - | - |
| Kevin Price | Secretary; General Counsel; Senior Vice President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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