Methanex Announces the Successful Restart of Geismar 3
Rhea-AI Summary
Methanex Corporation (NASDAQ:MEOH), the world's largest methanol supplier, has announced the successful restart of its Geismar 3 (G3) methanol plant in Louisiana. The 1.8 million tonne facility has resumed methanol production following an unplanned outage that occurred in late February. The plant is now back online and operational.
Positive
- Successful restart of the 1.8 million tonne Geismar 3 plant restores significant production capacity
- Resolution of unplanned outage demonstrates operational recovery capability
Negative
- Plant experienced unplanned downtime since February, impacting production and potential revenues
News Market Reaction
On the day this news was published, MEOH gained 3.45%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that its 1.8 million tonne methanol plant, Geismar 3 (G3), in Geismar, Louisiana has successfully restarted and begun producing methanol following an unplanned outage in late February.
Methanex is a Vancouver-based, publicly traded company and is the world’s largest supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol “MX” and on the Nasdaq Stock Market in the United States under the trading symbol “MEOH”. Methanex can be visited online at www.methanex.com.
Inquiries:
Sarah Herriott
Director, Investor Relations
Methanex Corporation
604-661-2600 or Toll Free: 1-800-661-8851
www.methanex.com
FAQ
What is the production capacity of Methanex's Geismar 3 plant?
When did Methanex's Geismar 3 plant restart operations?
What caused the shutdown of MEOH's Geismar 3 plant?
Where is Methanex's Geismar 3 plant located?
