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Microsoft buys 3.6M metric tons of carbon removal from bioenergy plant
TechCrunch· 2025-12-12 19:16
In Brief Microsoft announced Thursday it would buy 3.6 million carbon removal credits from a biofuels plant in Louisiana owned by C2X. The plant, which is slated to begin operating in 2029, will process forestry waste into methanol, which can be used to power ships and planes and as a raw material for chemical manufacturing. Altogether, the facility will produce more than 500,000 metric tons of methanol. About 1 million metric tons of carbon dioxide will be captured and stored, likely underground.The purcha ...
Greenway Technologies Announces Term Sheet with Swift Creek, LLC
Globenewswire· 2025-12-12 15:33
ARLINGTON, TX, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Greenway Technologies, Inc. (OTCQB: GWTI) (“Greenway”), an advanced gas-to-liquids (“GTL”) and gas-to-hydrogen (“GTH”) technology development company, announced today that, on December 5, 2025, it signed a non-binding term sheet with Swift Creek, LLC (“SCL”), a native and veteran owned company assisting tribes to find solutions in technology and economic development with potential access to certain U.S. government subsidies and funds by virtue of its American ...
Methanex Corporation Appoints Don Marchand To Its Board Of Directors
Globenewswire· 2025-11-25 22:00
Core Insights - Methanex Corporation has appointed Don Marchand to its Board of Directors, effective December 1, 2025 [1][4]. Company Overview - Methanex is the world's largest supplier of methanol and is publicly traded on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [5]. Leadership Background - Don Marchand has nearly four decades of experience in finance and energy infrastructure, having held significant roles at TC Energy, including Executive Vice President and Chief Financial Officer from 2010 to 2021 [2]. - Marchand holds a Bachelor of Commerce from the University of Manitoba and is a Chartered Accountant and Chartered Financial Analyst, with memberships in several professional organizations [3]. Strategic Importance - Doug Arnell, Chair of the Board at Methanex, expressed enthusiasm about Marchand's extensive executive expertise in financial functions and knowledge of the North American energy sector, indicating that these will be valuable assets to the Board [4].
Methanex to Report Q3 Earnings: What's in the Cards for the Stock?
ZACKS· 2025-10-28 13:21
Core Insights - Methanex Corporation (MEOH) is scheduled to release its third-quarter 2025 results on October 29, with expectations of benefiting from higher methanol volumes despite facing challenges from lower prices [1][7] - The company has consistently surpassed the Zacks Consensus Estimate in the past four quarters, averaging an earnings surprise of approximately 83.2%, with a notable 130.9% surprise in the last quarter [1] Revenue Estimates - The Zacks Consensus Estimate for Methanex's third-quarter consolidated revenues is currently $974 million, reflecting a year-over-year increase of 4.2% [4] Performance Factors - Methanex's third-quarter performance is anticipated to be positively influenced by increased methanol sales volumes, driven by a 4% rise in global methanol demand in the second quarter, particularly in China [5] - However, weaker methanol prices are expected to negatively impact the company's results, with the average realized price for methanol projected to decline to $345 per ton, a 3% year-over-year decrease from the previous quarter's $374 per ton [8] Earnings Prediction - The current model does not predict a definitive earnings beat for Methanex this quarter, as it holds a Zacks Rank of 5 (Strong Sell), despite an Earnings ESP of +22.53% [9][10]
Methanex to Webcast Investor Day on November 13, 2025
Globenewswire· 2025-10-21 21:00
Core Points - Methanex Corporation will host an Investor Day on November 13, 2025, in Toronto at 12:30 PM Eastern Time [1] - The event will feature a business update from Methanex's executive leadership team followed by a live Q&A session [1] - A live webcast of the presentations and Q&A will be available on the company's website and can be replayed after the event [2] Company Information - Methanex is the world's largest supplier of methanol and is based in Vancouver, Canada [3] - The company's shares are traded on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [3] - Additional information about Methanex can be found on their official website [3]
Methanex Expands Methanol Bunkering Ops Via Partnerships
ZACKS· 2025-09-29 13:01
Core Insights - Methanex Corporation (MEOH) has announced new strategic partnerships to expand methanol bunkering operations in the ARA region and South Korea [1][4]. Group 1: Partnerships and Collaborations - The company is collaborating with TankMatch in the ARA region for barge-to-ship methanol bunkering, building on a prior arrangement between OCI Global and UniBarge [2]. - In South Korea, Methanex is partnering with Alpha Maritime and Hyodong Shipping to facilitate last-mile bunkering operations [2]. Group 2: Strategic Importance - These partnerships enhance Methanex's role in the marine energy transition, enabling safe and reliable methanol fueling in two of the world's busiest trade corridors [3]. - The company leverages its expertise in local bunkering operations and a reliable global supply chain to provide a fully integrated methanol fuel solution [3]. Group 3: Safety and Compliance - Methanex has developed a comprehensive safety package and technical guidance for bunkering operators and shipping companies, utilizing its experience with methanol-fueled tankers through its subsidiary, Waterfront Shipping [3]. - As demand for low-carbon methanol increases, Methanex is expanding its logistics and supply chain to meet regulatory requirements and ensure high shipping standards [4]. Group 4: Market Performance - MEOH's shares have decreased by 2% over the past year, contrasting with the industry's decline of 27.3% [4]. - The company currently holds a Zacks Rank 1 (Strong Buy), indicating positive market sentiment [5].
3 Diversified Chemical Stocks to Watch Amid Demand Worries
ZACKS· 2025-09-11 14:21
Industry Overview - The Zacks Chemicals Diversified industry is facing headwinds due to demand weakness in key markets such as consumer durables and building & construction, exacerbated by inflationary pressures in Europe and a slow recovery in China [1][4][5] - The industry includes manufacturers of basic chemicals, plastics, specialty chemicals, and agricultural chemicals, serving various end markets like automotive, construction, and electronics [3] Demand Challenges - Demand weakness is particularly pronounced in the building & construction and consumer electronics markets, with elevated borrowing costs and inflation impacting residential construction and consumer behavior [4] - In China, a slower economic recovery and a weak real estate market are contributing to reduced chemical demand, while Europe is experiencing similar challenges due to high inflation and the ongoing Russia-Ukraine war [5] Strategic Responses - Companies like DuPont, Albemarle, and Methanex are implementing strategic measures such as cost-cutting, productivity improvements, and aggressive price hikes to navigate the challenging environment [2][6] - These actions aim to sustain margins amid rising costs and demand challenges [6] Industry Performance - The Zacks Chemicals Diversified industry has underperformed the S&P 500 and the broader Zacks Basic Materials sector, losing 21% over the past year compared to the S&P 500's gain of 18.4% [9] - The industry's current valuation, based on the trailing 12-month EV/EBITDA ratio, is 19.29X, which is below the S&P 500's 23.02X but above the sector's 16.31X [12] Company Highlights - **Methanex Corporation (MEOH)**: The world's largest supplier of methanol, benefiting from healthy demand and strategic acquisitions to enhance production capacity and shareholder returns [17][18] - **DuPont de Nemours, Inc. (DD)**: Focused on innovation and growth in high-demand markets, with a projected earnings growth rate of around 7.9% for 2025 and ongoing cost synergy initiatives [20][22] - **Albemarle Corporation (ALB)**: Positioned to capitalize on the growing battery-grade lithium market, with expected earnings growth of 20.9% for 2025 and strategic investments in high-return projects [23][25]
X @BBC News (World)
BBC News (World)· 2025-08-18 05:04
Health & Safety - Laos methanol poisoning survivor reports kaleidoscopic light before blindness [1]
Methanex's Q2 Earnings Surpass Estimates, Revenues Decline Y/Y
ZACKS· 2025-08-08 16:00
Core Insights - Methanex Corporation (MEOH) reported a second-quarter 2025 profit of $64 million or 93 cents per share, an increase from $35 million or 52 cents per share in the same quarter last year. Adjusted earnings per share were 97 cents, exceeding the Zacks Consensus Estimate of 42 cents [1][9] - Revenues decreased by approximately 13.4% year over year to $797 million, falling short of the Zacks Consensus Estimate of $873.9 million [1][9] Financial Performance - Adjusted EBITDA rose around 11.6% year over year to $183 million [2] - Cash and cash equivalents stood at $485 million at the end of the quarter, with cash flow from operating activities amounting to $277 million. The company returned $12.5 million to shareholders through dividends [5] Operational Highlights - Total production for the quarter was 1,621,000 tons, reflecting a 14% year-over-year increase. This was driven by full-rate operations at Geismar 1 and 2, a successful restart of Geismar 3, and increased production in Trinidad. However, production was negatively impacted by reduced output from Egypt, planned maintenance in Canada, and lower production from Chile and New Zealand [3] - Total sales volume in the first quarter was 2,133,000 tons, down 18.3% year over year, missing the estimate of 2,387,000 tons. The average realized price for methanol was $374 per ton, up from $352 per ton in the prior-year quarter, and above the estimate of $362 per ton [4][9] Outlook - The company anticipates its 2025 production to be approximately 8 million tons, subject to fluctuations due to gas availability, maintenance, and unforeseen events [6] - Methanex expects higher adjusted EBITDA in the third quarter of 2025 compared to the second quarter, driven by increased sales volume, although this will be offset by a lower average realized price projected between $335 and $345 per ton for July and August [7] Market Performance - Methanex shares have declined by 21.5% over the past year, compared to a 22.4% decline in the industry [8]
Here's What Key Metrics Tell Us About Methanex (MEOH) Q2 Earnings
ZACKS· 2025-07-31 01:01
Core Insights - Methanex reported revenue of $797 million for the quarter ended June 2025, reflecting a 13.4% decrease year-over-year and an 8.8% miss against the Zacks Consensus Estimate of $873.92 million [1] - The company's EPS was $0.97, significantly up from $0.62 in the same quarter last year, resulting in a surprise of +130.95% compared to the consensus estimate of $0.42 [1] Financial Performance Metrics - Methanex's sales volume for produced methanol was 1,528.00 KTon, exceeding the average estimate of 1,457.95 KTon by two analysts [4] - The sales volume for purchased methanol was 451.00 KTon, falling short of the average estimate of 614.87 KTon [4] - The average realized methanol price was $374.00 per tonne, slightly above the estimated price of $364.97 per tonne [4] - Total sales volume was 2,133.00 KTon, below the average estimate of 2,241.71 KTon [4] - Commission sales volume was 154.00 KTon, compared to the average estimate of 169.39 KTon [4] Stock Performance - Over the past month, Methanex shares returned +0.2%, while the Zacks S&P 500 composite increased by +3.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]