Methanex Corporation (MX)
TSX 
Summary
MX Chart
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Methanex Corporation Profile
| Chemicals Industry | Materials Sector | Richard W. Sumner CEO | TSX Exchange | CA59151K1084 ISIN |
| CA Country | 1,415 Employees | 17 Mar 2026 Last Dividend | - Last Split | - IPO Date |
Overview
Methanex Corporation, a leader in the global methanol industry, has an expansive footprint across many key regions including China, Europe, the United States, South America, South Korea, Canada, and other parts of Asia. This geographic diversity allows Methanex to effectively cater to the demand for methanol worldwide. The company's operations extend beyond production; they are also involved in the purchase of methanol produced by other entities through offtake contracts and the spot market. Additionally, Methanex Corporation emphasizes the importances of logistics and storage, owning and leasing a variety of storage and terminal facilities to ensure efficient distribution. A notable aspect of their operational infrastructure is the ownership and management of approximately 30 ocean-going vessels, which underscores their commitment to a seamless supply chain. Founded in 1968 with its headquarters located in Vancouver, Canada, Methanex Corporation has established a robust presence in the global market, serving a wide array of industries, particularly chemical and petrochemical producers.
Products and Services
- Methanol Production and Supply:
Methanex Corporation specializes in the production and supply of methanol, a key raw material used in various chemical and petrochemical manufacturing processes. The company's global production capabilities enable it to meet the large-scale methanol requirements of industries across the world.
- Methanol Offtake Contracts and Spot Market Purchases:
In addition to its own production, Methanex engages in strategic efforts to augment its supply chain by purchasing methanol produced by other entities. This is done through offtake contracts, which provide a consistent supply over a fixed period, and on the spot market, which allows Methanex to leverage market dynamics to meet additional demand.
- Storage and Terminal Facilities:
Methanex Corporation owns and leases a constellation of storage and terminal facilities. These assets are critical in ensuring the efficient distribution of methanol to their clients worldwide, enabling Methanex to maintain its reputation for reliability and responsiveness in supply delivery.
- Logistics and Shipping:
The ownership and management of approximately 30 ocean-going vessels highlight Methanex's comprehensive approach to logistics. This fleet allows for the flexible and timely delivery of methanol products to global destinations, ensuring that customer needs are met with the utmost efficiency.
