Methanex Corporation is a Canadian company that supplies, distributes and markets methanol worldwide. Methanex is the world’s largest producer and supplier of methanol 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 most populous city in the province, the 2021 Canadian census recorded 662,248 people in the city, up from 631,486 in 2016. Th ...

British Columbia British Columbia (commonly abbreviated as BC) is the westernmost Provinces and territories of Canada, province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include ...

, Canada, and operates production sites in Canada, Chile, Egypt, New Zealand, 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 Methyl ''tertiary''-butyl ether (MTBE), also known as methyl tert-butyl ether and ''tert''-butyl methyl ether, is an organic compound with a structural formula (CH3)3COCH3. MTBE is a volatile, flammable, and colorless liquid that is sparingly sol ...

(MTBE) from gasoline on grounds of water pollution prevention, claiming protection under Chapter 11 of

NAFTA The North American Free Trade Agreement (NAFTA ; es, Tratado de Libre Comercio de América del Norte, TLCAN; french: Accord de libre-échange nord-américain, ALÉNA) was an agreement signed by Canada, Mexico, and the United States that crea ...

and demanding $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 January 2012, Methanex announced it would move one of its idle Chilean plants to the United States. Methanex later confirmed that they acquired land in Geismar, LA and Geismar would be the site in the United States where the idle Chilean plant would be moved to. Methanex CEO, Bruce Aitken, confirmed in a press release on January 17, 2012 that the reason Methanex was shifting a methanol production plant from Chile to North America, specifically Louisiana, is due to 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