VANCOUVER, British Columbia, March 09, 2025 (GLOBE NEWSWIRE) — Methanex Company (TSX:MX) (Nasdaq:MEOH) introduced right now that its 1.8 million tonne methanol plant, Geismar 3 (G3), in Geismar, Louisiana was impacted by an unplanned outage in late February. Upon finishing numerous inspections, administration has determined to finish repairs to the autothermal reformer (ATR), and administration at the moment estimates a plant startup by early Might 2025.
Throughout this outage, administration is taking the chance to deliver ahead the completion of different deliberate upkeep work on G3 which was a part of a beforehand budgeted three-week outage which is not anticipated to be required. This outage is anticipated to primarily impression the second quarter monetary outcomes attributable to decrease produced methanol gross sales. The price of these repairs just isn’t anticipated to be materials.
Methanex is a Vancouver-based, publicly traded firm and is the world’s largest provider of methanol globally. Methanex shares are listed for buying and selling on the Toronto Inventory Alternate in Canada beneath the buying and selling image “MX” and on the Nasdaq Inventory Market in the USA beneath the buying and selling image “MEOH”. Methanex will be visited on-line at www.methanex.com.
Inquiries:
Sarah Herriott
Director, Investor Relations
Methanex Company
604-661-2600 or Toll Free: 1-800-661-8851
www.methanex.com
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