• The Linde of methanol, being the world's largest producer and supplier of this key industrial chemical.
• Think of it as the Albemarle for methanol, a leading global producer of this vital chemical commodity.
• The Nutrien of methanol, dominating the global production of this essential industrial commodity.

• Methanol: A fundamental chemical building block used in countless industrial and consumer products, serving as a fuel, solvent, and feedstock for plastics, chemicals, and pharmaceuticals.

Methanex (MEOH) primarily sells to other companies, as methanol is a foundational industrial chemical used as a feedstock in a wide array of manufacturing processes and energy applications. The company does not publicly disclose individual major customer names. According to its filings, its customer base is diverse and geographically widespread, and no single customer accounts for a significant portion (typically greater than 10%) of its total sales.

Instead, Methanex sells to a broad range of industrial companies globally. These customer companies can be broadly categorized by their primary use of methanol:

• Chemical Manufacturers: These companies utilize methanol as a crucial raw material to produce a variety of downstream chemicals. Key derivatives include formaldehyde (used in resins, adhesives, and specialty chemicals), acetic acid (used in solvents, vinyl acetate monomer, and purified terephthalic acid), and methyl tertiary-butyl ether (MTBE) and dimethyl ether (DME) which have fuel applications.
• Energy Sector Companies: This category includes companies involved in fuel blending (e.g., for gasoline, biodiesel), those using methanol directly as a fuel (e.g., for marine vessels, industrial boilers, power generation), or those exploring its use in hydrogen production and fuel cells.
• Plastics and Polymer Producers: Companies in this sector use methanol, often indirectly through derivatives like formaldehyde or via methanol-to-olefins (MTO) technology, to produce a wide range of plastics, synthetic fibers, foams, and other polymer-based materials.

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Rich Sumner, President & CEO

Rich Sumner was appointed President & CEO of Methanex effective January 1, 2023. He joined Methanex in 2004 and has held a variety of progressively senior roles across North America and Asia in Finance, Supply Chain, and Marketing & Logistics. Prior to his appointment as CEO, he served as Senior Vice President, Global Marketing & Logistics, where he oversaw the company's Marketing & Logistics functions, including the jointly owned shipping subsidiary, Waterfront Shipping, and had executive oversight for Methanex's North American manufacturing operations. Mr. Sumner possesses a strong financial background, having held several senior finance leadership positions within Methanex. He holds a Bachelor of Business Administration from Simon Fraser University and is a Chartered Professional Accountant. No information is available indicating that Mr. Sumner founded or managed other companies, sold companies, or has a pattern of managing companies backed by private equity firms.

Dean Richardson, Senior Vice President, Finance & Chief Financial Officer

Dean Richardson was appointed Senior Vice President, Finance & Chief Financial Officer of Methanex effective February 1, 2023. He joined Methanex in 2003 and has worked in various global locations, holding progressively senior and strategic roles within Corporate Finance and Manufacturing. Before becoming CFO, Mr. Richardson served as Vice President, Corporate Finance, where he was responsible for strategic finance initiatives. He holds a Bachelor of Science from Simon Fraser University, is a CPA, CA from the Chartered Professional Accountants of British Columbia, and has completed the Harvard Advanced Management Program. No information is available indicating that Mr. Richardson founded or managed other companies, sold companies, or has a pattern of managing companies backed by private equity firms.

Karine Delbarre, Senior Vice President, Global Marketing & Logistics

Karine Delbarre was appointed Senior Vice President, Global Marketing & Logistics, effective January 1, 2023. In this role, she filled the vacancy created by Rich Sumner's appointment as President & CEO. Previously, Ms. Delbarre served as Vice President, North America Marketing & Logistics.

Kevin Maloney, Senior Vice President, Corporate Development

Kevin Maloney was appointed Senior Vice President, Corporate Development, effective January 1, 2023. Prior to this role, he was the Vice President, Corporate Development. Mr. Maloney is also the business owner for the Geismar 3 (G3) project.

Kevin Price, Senior Vice President, General Counsel & Corporate Secretary

Kevin Price was appointed Senior Vice President, General Counsel & Corporate Secretary, effective January 1, 2023. Prior to this appointment, he served as General Counsel & Corporate Secretary.

The clear emerging threat for Methanex is the accelerating global transition towards lower-carbon and renewable chemicals. Specifically, this involves the rapid scaling and increasing cost-competitiveness of alternative methanol production methods, such as e-methanol (produced from captured CO2 and renewable hydrogen) and bio-methanol.

This trend is driven by:

1. Aggressive Decarbonization Policies: Governments worldwide are implementing carbon taxes, emissions trading schemes, and mandates for renewable feedstocks in industrial processes. These policies increasingly penalize the production and use of fossil-fuel-derived methanol, making it less attractive than low-carbon alternatives. Examples include the EU's Carbon Border Adjustment Mechanism (CBAM) and various national carbon pricing initiatives.
2. Corporate Sustainability Mandates: Major industrial customers are setting ambitious decarbonization targets, increasing demand for certified green chemicals to reduce their Scope 3 emissions. This shifts procurement preferences away from traditional methanol sources.
3. Technological Advancement and Investment: Significant investment and innovation are occurring in green methanol production technologies, with numerous projects globally aimed at scaling capacity and driving down costs. This creates a competitive landscape where new entrants or faster-moving incumbents could gain a substantial lead in the burgeoning low-carbon methanol market.

This emergence of a more sustainable, and potentially increasingly cost-effective, alternative methanol supply threatens to devalue Methanex's extensive existing asset base, which is primarily reliant on fossil fuels (natural gas), and could erode demand for their conventional product faster than they can fully transition their operations and capture market share in the green methanol space.

• Asia Pacific: This region consistently holds the largest share of the methanol market. In 2024, it accounted for the largest share, with some reports indicating as much as 51.2% to 66% of the global market. The Asia Pacific methanol market is expected to be worth USD 35.6 billion by 2030, growing at a CAGR of 4.4% during the forecast period. In 2021, the Asia-Pacific methanol market was valued at $19,849.8 million and is projected to grow with a CAGR of 4.9%.
• North America: This region holds a significant share, dominating the methanol market with a revenue share of 36.4% in 2024.

Methanex Corporation (MEOH) is anticipated to experience future revenue growth driven by several key factors over the next two to three years:

1. Increased Production and Sales Volumes from Strategic Acquisitions and Plant Operations: Methanex has recently expanded its production capabilities through strategic moves, including the acquisition of OCI Global's international methanol business and the successful operation of key facilities. The Geismar 3 (G3) plant, which produced its first methanol in July 2024, along with the newly acquired Beaumont and joint-venture Natgasoline plants, are contributing to significantly higher production and sales volumes. This increased capacity is a direct driver of revenue growth.
2. Growth in Global Methanol Demand: The overall global demand for methanol is projected to grow, fueled by its diverse applications in energy, chemical production, and other industrial uses. This sustained market demand provides a favorable environment for Methanex to expand its sales and, consequently, its revenue.
3. Favorable Methanol Pricing Environment: While methanol prices can fluctuate based on supply and demand dynamics, a sustained period of favorable market pricing would directly boost Methanex's revenue. The company's average realized price per ton is a critical determinant of its top-line performance.
4. Enhanced Operational Efficiency and Supply Chain Optimization: Methanex is focused on continuously improving its operational efficiency, plant reliability, and optimizing its integrated global supply chain. These efforts aim to increase utilization rates across its production network and reduce costs, thereby enhancing profitability and supporting revenue generation by ensuring consistent and efficient supply to customers.
5. Development and Commercialization of Low-Carbon Methanol Solutions: Methanex is actively exploring and evaluating technologies for producing low and zero-carbon methanol. This strategic focus positions the company to capitalize on the increasing customer demand for sustainable chemical solutions, opening new market opportunities and contributing to long-term revenue growth as industries transition to lower-carbon alternatives.

Share Repurchases

• Methanex has a long track record of returning excess cash to shareholders through share repurchases, with approximately $2.4 billion returned since 2014 through dividends and share buybacks.
• In September 2021, the company authorized a Normal Course Issuer Bid (NCIB) to repurchase up to 3,810,464 common shares, representing 5% of its outstanding shares, which concluded in July 2022.
• In September 2022, a new NCIB was approved, authorizing the repurchase of up to 3,506,405 common shares, or 5% of its then-issued and outstanding shares.

Share Issuance

• As part of the acquisition of OCI Global's international methanol business, Methanex issued approximately 9.9 million common shares, valued at $450 million, to OCI Global in June 2025.
• This issuance resulted in OCI Global becoming the second-largest shareholder in Methanex, holding approximately 13% of the enlarged company.

Outbound Investments

• Methanex completed the acquisition of OCI Global's international methanol business for an enterprise value of approximately $2.05 billion in June 2025, after being announced in September 2024.
• The total consideration for this acquisition included approximately $1.2 billion in cash, the issuance of 9.9 million Methanex common shares, and the assumption of roughly $450 million in debt and leases.
• This strategic acquisition added two world-scale methanol facilities in Beaumont, Texas (one of which also produces ammonia), a low-carbon methanol production and marketing business, and an idled methanol facility in the Netherlands, significantly enhancing Methanex's global production capacity and market position.

Capital Expenditures

• The Geismar 3 (G3) plant, a significant growth project with a production capacity of 1.8 million tonnes, was completed at a cost of approximately $1.3 billion and began production in July 2024.
• Sustaining capital expenditures are expected to be approximately $130-$150 million annually, with an additional $40 million anticipated post-closing of the OCI Global methanol business acquisition.
• Expected capital expenditures for 2025 are approximately $120 million (excluding OCI acquisition assets), with a focus on maintaining existing assets, pursuing profitable growth, and investing in energy efficiency and GHG reduction projects, such as the over $15 million invested in 2023.