Methanex Provides Update on Geismar Operations

Core Viewpoint - Methanex Corporation's Geismar 3 methanol plant in Louisiana experienced an unplanned outage, with repairs expected to be completed by early May 2025, impacting second quarter financial results due to lower methanol sales [1][2]. Group 1: Plant Operations - The Geismar 3 plant has a production capacity of 1.8 million tonnes of methanol [1]. - Management has decided to repair the autothermal reformer (ATR) during the outage, which will allow for the completion of other planned maintenance work [2]. - The outage is anticipated to primarily affect the second quarter financial results due to reduced methanol sales [2]. Group 2: Financial Impact - The cost of repairs is not expected to be material, indicating that the financial burden from the outage may be limited [2]. - The previously budgeted three-week outage for planned maintenance is no longer expected to be required, suggesting potential operational efficiencies [2]. Group 3: Company Overview - Methanex is the world's largest supplier of methanol and is publicly traded on the Toronto Stock Exchange and Nasdaq [3]. - The company is headquartered in Vancouver, British Columbia, and operates globally [3].