Methanex Corporation (MEOH) is a Canadian multinational corporation that specializes in the production and distribution of methanol, a versatile chemical used as a key ingredient in numerous industrial and consumer products. Founded in 1968, Methanex is headquartered in Vancouver, British Columbia, Canada. The company is the world’s largest producer and supplier of methanol, with a strong global presence and an extensive network of production facilities, distribution terminals, and sales offices.
Methanol, also known as methyl alcohol or wood alcohol, is a colorless, flammable liquid primarily produced from natural gas. It is used as a feedstock for producing a wide range of chemicals, including formaldehyde, acetic acid, and other derivatives. Methanol is also used as a solvent, antifreeze, fuel, and fuel additive.
Methanex Corporation operates several methanol production facilities across the world, with locations in Canada, Chile, Egypt, New Zealand, Trinidad and Tobago, and the United States. The company’s global production capacity exceeds 10 million metric tons per year.
In addition to its core methanol production business, Methanex is involved in various initiatives aimed at developing new markets and applications for methanol, such as the use of methanol as a marine fuel and in fuel cell technologies.