Welcome to our dedicated page for Methanex news (Ticker: MEOH), a resource for investors and traders seeking the latest updates and insights on Methanex stock.
Methanex Corporation (Nasdaq: MEOH, TSX: MX) is a Vancouver-based, publicly traded company that describes itself as the world’s largest producer and supplier of methanol. The Methanex news feed on Stock Titan brings together company announcements, operational updates, and regulatory disclosures that help investors and industry followers understand developments in this global methanol producer.
Recent Methanex news has covered quarterly financial and production results, including detailed data on methanol production volumes, sales volumes, and realized prices per tonne. The company regularly reports on the performance of its production facilities in regions such as the United States, Chile, Trinidad, New Zealand, Egypt, and Canada, as well as on the contribution from newly acquired assets like the Beaumont and Natgasoline plants in Texas.
News items also highlight corporate actions and strategic moves. Examples include the completion of Methanex’s acquisition of OCI Global’s international methanol business, the launch of global methanol bunkering operations through partnerships in the Amsterdam–Rotterdam–Antwerp region and South Korea, and Board-level changes such as the appointment of new directors. Dividend declarations are announced through news releases and related Form 6-K filings, providing information on quarterly cash dividends and key dates for shareholders.
Visitors to the MEOH news page can expect coverage of earnings releases, production and capacity updates, acquisitions and transaction-related filings, marine fuel and low-carbon methanol initiatives, investor events such as Investor Day webcasts, and governance announcements. Reviewing this news stream alongside historical disclosures can help readers track how Methanex’s methanol production footprint, financial profile, and strategic priorities evolve over time.
Methanex Corporation announced the restart of its Geismar 3 project and a dividend increase to $0.125 per share from $0.0375. This decision aligns with the company's capital allocation priorities aimed at enhancing shareholder value. The Geismar 3 project is strategically positioned to benefit from positive methanol industry trends, with estimated construction costs of $1.25 to $1.35 billion and anticipated completion by late 2023/early 2024. Additionally, a partnership with Mitsui O.S.K. Lines is expected to unlock $145 million in non-dilutive capital.
Methanex Corporation (NASDAQ: MEOH) and Mitsui O.S.K. Lines (MOL) have finalized key commercial terms for a strategic partnership involving Methanex's subsidiary, Waterfront Shipping (WFS). MOL will acquire a 40% minority stake in WFS for $145 million, while Methanex retains 60%. This partnership aims to leverage MOL's shipping expertise to enhance WFS's operations and promote methanol as a low-emission marine fuel. The deal awaits regulatory approval, with closing expected by year-end. Methanol is noted for its ability to significantly reduce harmful emissions in maritime transport.
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Methanex, through its subsidiary Waterfront Shipping, launched the world's first barge-to-ship methanol bunkering operation at the Port of Rotterdam. The operation utilized the Takaroa Sun vessel, demonstrating methanol's viability as a low-emission fuel alternative. This initiative aims to support the maritime industry's emission reduction goals. With over 100,000 hours of operation using methanol, Waterfront Shipping has ordered eight additional methanol-fuelled vessels, solidifying its commitment to cleaner marine fuel solutions.
Methanex Corporation (NASDAQ:MEOH) announced the results of its Annual General Meeting held on April 29, 2021, where 59,353,231 common shares were voted, representing 77.88% of outstanding shares. All items of business were approved, including the election of director nominees. Key results include:
- Douglas Arnell: 76.60% votes for
- James Bertram: 76.55% votes for
- Phillip Cook: 75.16% votes for
- Paul Dobson: 76.60% votes for
- John Floren: 76.60% votes for
- Maureen Howe: 76.19% votes for
- Robert Kostelnik: 74.33% votes for
- Leslie O’Donoghue: 99.30% votes for
- Kevin Rodgers: 97.72% votes for
Methanex Corporation (NASDAQ: MEOH) has declared a quarterly dividend of US$0.0375 per share, payable on June 30, 2021, to shareholders of record as of June 16, 2021. As the world's largest methanol producer, Methanex continues to uphold its commitment to returning value to shareholders through consistent dividend payments.
Methanex reported a strong financial performance for Q1 2021, with net income of $105 million compared to a net loss of $27 million in Q4 2020. Adjusted EBITDA rose to $242 million, significantly up from $136 million in the previous quarter, driven by higher methanol prices, which increased by $81 per tonne to $363 per tonne. The company maintains a robust liquidity position with $856 million in cash and no debt maturities until 2024. Production levels are stable, with a focus on increasing capacity through ongoing projects.
Methanex Corporation (NASDAQ:MEOH) has declared a quarterly dividend of US$0.0375 per share, to be paid on March 31, 2021. Shareholders of record as of March 17, 2021 are eligible. Based in Vancouver, Methanex is the world's largest producer of methanol, serving major international markets. The company is publicly traded on both the Toronto Stock Exchange and NASDAQ. For more information, visit www.methanex.com.
Methanex reported a net loss attributable to shareholders of $27 million for Q4 2020, an improvement from the $88 million loss in Q3 2020. Adjusted EBITDA rose to $136 million, up from $40 million in Q3, driven by a 30% increase in average realized methanol price to $282 per tonne. Despite a challenging 2020 due to COVID-19, the company ended the year with $834 million in cash and a $300 million undrawn credit facility. Production insights show upcoming challenges, particularly in New Zealand, affecting production outlook for 2021.
Methanex Corporation (NASDAQ:MEOH) announced that its Titan methanol facility in Trinidad will remain idled indefinitely due to unsuccessful negotiations for a longer-term natural gas agreement. Consequently, the company will restructure its Trinidad operations and reduce its workforce by approximately 60 positions. Despite this, the Atlas facility continues operation, supported by its own gas supply agreement. CEO John Floren reaffirmed Methanex's commitment to Trinidad and hopes to secure a future gas agreement. The company focuses on managing costs while maintaining its global production capacity.