VANCOUVER, British Columbia, July 30, 2024 (GLOBE NEWSWIRE) -- For the second quarter of 2024, Methanex (TSX:MX) (NASDAQ:MEOH) reported net income attributable to Methanex shareholders of $35 million ($0.52 net income per common share on a diluted basis) compared to net income of $53 million ($0.77 net income per common share on a diluted basis) in the first quarter of 2024. Net income in the second quarter of 2024 was lower compared to the prior quarter primarily due to lower sales of Methanex-produced met ...

Methanex is a Vancouver-based, publicly traded company and is one of the world's largest producers and suppliers of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the NASDAQ Global Select Market in the United States under the trading symbol "MEOH". Methanex can be visited online at www.methanex.com. VANCOUVER, British Columbia, July 18, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (the "Company" or ...

Methanex Corporation (MEOH) and Entropy Inc., a leader in carbon capture and storage solutions, have agreed to invest in a preliminary front-end engineering and design study for carbon capture, utilization and sequestration (CCUS) deployment at its Medicine Hat, AB facility. This partnership will use Entropy's proprietary modular post-combustion carbon capture technology and Methanex's manufacturing skills to utilize some of the captured CO2 to produce additional methanol, demonstrating the leadership of tw ...

Key Project Highlights: The Pre-FEED will also evaluate the economic viability of the project including access to pore space, carbon offtake agreements, municipal alignment, and funding from both Provincial and Federal carbon reduction programs. "We are pleased to be collaborating with Methanex, a global leader with Canadian roots, on this groundbreaking CCUS project," said Mike Belenkie, President and CEO of Entropy. "Our CCS technology is designed to reduce carbon emissions to the atmosphere as economical ...

Key Project Highlights: "We're excited to advance this first-of-its-kind carbon capture solution in North America in collaboration with Entropy," said Mark Allard, Senior Vice President, Low Carbon Solutions ("LCS"), Methanex. "This project exemplifies Methanex's commitment to reduce our global GHG emission intensity by 10% by 2030 and to advance at least one LCS project into Pre-FEED in 2024." Methanex and Entropy are committed to collaborating with stakeholders throughout the project's lifecycle to ensure ...

Inquiries: Sarah Herriott Director, Investor Relations Methanex Corporation 604-661-2600 or Toll Free: 1-800-661-8851 www.methanex.com VANCOUVER, British Columbia, June 04, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its 1.26 million tonne Egypt methanol production facility (Methanex 50% equity interest of 0.63 million tonnes per annum) was temporarily idled this morning as lower gas supply and increased seasonal demand for power generation has led to gas curtai ...

VANCOUVER, British Columbia, June 04, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its 1.26 million tonne Egypt methanol production facility (Methanex 50% equity interest of 0.63 million tonnes per annum) was temporarily idled this morning as lower gas supply and increased seasonal demand for power generation has led to gas curtailments to industrial plants. Methanex is working closely with its partner and gas supplier to resume gas supply. Methanex is a Vancouve ...

A month has gone by since the last earnings report for Methanex (MEOH) . Shares have added about 9.4% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Methanex due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Methanex's Q1 Earnings & Revenues Surpass Estimates Meth ...

VANCOUVER, British Columbia, April 25, 2024 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced, in accordance with Toronto Stock Exchange requirements, the voting results from its Annual General Meeting held on April 25, 2024 in Vancouver, British Columbia. Voting Results from Annual General Meeting A total of 57,127,836 common shares were voted at the meeting, representing 84.78% of all outstanding shares. Shareholders voted in favour of all items of business before the meeting, incl ...

Yes, I'll give you like -- I know that when we originally came out with our estimate our estimate was based on the major lead-time and critical item was the manufacture of the bricks. hopefully that helps provide a bit more color. Rich Sumner Rich Sumner Q –Unidentified Analyst suppliers and they're really focused on how they can get better performance out of the wells. What's encouraging as well is OMV is committed to a bigger drilling campaign later in the year, which we think is really positive in the me ...