Methanex Corporation is a Canadian company that supplies, distributes and markets

methanol Methanol (also called methyl alcohol and wood spirit, amongst other names) is an organic chemical compound and the simplest aliphatic Alcohol (chemistry), alcohol, with the chemical formula (a methyl group linked to a hydroxyl group, often ab ...

worldwide. Methanex is the world’s largest producer and supplier of

to major international markets in North and South America, Europe, and Asia Pacific. Methanex is headquartered in

Vancouver Vancouver is a major city in Western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the cit ...

British Columbia British Columbia is the westernmost Provinces and territories of Canada, province of Canada. Situated in the Pacific Northwest between the Pacific Ocean and the Rocky Mountains, the province has a diverse geography, with rugged landscapes that ...

, Canada, and operates production sites in Canada, Chile, Egypt, New Zealand (at Motunui and Waitara Valley), the United States, and Trinidad and Tobago. Its global operations are supported by an extensive global supply chain of terminals, storage facilities and the world’s largest dedicated fleet of methanol ocean tankers. Methanex Corporation challenged California's plan to eliminate methyl tertiary butyl ether (MTBE) from gasoline on grounds of

water pollution Water pollution (or aquatic pollution) is the contamination of Body of water, water bodies, with a negative impact on their uses. It is usually a result of human activities. Water bodies include lakes, rivers, oceans, aquifers, reservoirs and ...

prevention, claiming protection under Chapter 11 of NAFTA and demanding US$970 million in compensation from the state. The challenge was ultimately not successful and Methanex was ordered to reimburse the U.S. government $4 million in litigation costs. In 2012, Methanex announced that it acquired land in Geismar, Louisiana, and that it would move one of its idle Chilean methanol plants there. Methanex confirmed that the reason was the low price of natural gas available in North America and Louisiana. Regional marketing offices are located in Belgium, Chile, China, Egypt, Korea, Japan, the United Arab Emirates, the United Kingdom and the United States.

Waterfront Shipping Ltd.

Methanex's majority owned subsidiary, Waterfront Shipping Limited, is a global marine transportation company that operates a fleet of 30 ocean tankers. In 2016, the company announced the delivery of seven first Korean and Japanese built methanol-fueled ocean tankers. Methanex and Mitsui O.S.K. Lines announced plans for a strategic partnership in July 2021, resulting in MOL's purchase of a 40% stake in WFS.

References

External links

Methanex Corporate Web SiteWaterfront Shipping Ltd.
{{Vancouver Corporations Companies listed on the Toronto Stock Exchange Companies listed on the Nasdaq Chemical companies of Canada Companies based in Vancouver