Methanex Proceeds with a Second Methanol Plant in Geismar, Louisiana
24 Abril 2013 - 9:10PM
Marketwired
Methanex Corporation (TSX:MX)(NASDAQ:MEOH) announced today that it
has reached a final investment decision to proceed with the
relocation of a second one million tonne per year methanol plant
from its Chile site to Geismar, Louisiana. The plant is expected to
be operational by early 2016, and has an estimated total cost of
approximately US$550 million.
John Floren, President and CEO of Methanex commented, "We are
excited to move forward with the Geismar II project. We have made
excellent progress with our first plant relocation, Geismar I, and
that project is proceeding on schedule and on budget. The first
shipment of equipment has been loaded and is currently in transit
to Louisiana. Methanex will leverage its experience gained from
Geismar I to ensure a smooth execution for Geismar II."
Mr. Floren added, "The global demand outlook for methanol is
very favourable and demand is expected to outpace capacity
additions in the industry over the next several years. Relocating a
second plant to Louisiana allows us to benefit quickly from the
competitive natural gas price environment in North America and add
additional molecules to our system to supply our customer's growing
requirements for methanol. The two Geismar projects, combined with
our other growth initiatives in New Zealand and Medicine Hat,
represent three million tonnes of additional operating capacity
which we believe will create significant value for
shareholders."
Methanex is a Vancouver-based, publicly traded company and is
the world's largest supplier 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 Market in the United States under the trading symbol
"MEOH".
Methanex can be visited online at www.methanex.com.
FORWARD-LOOKING INFORMATION WARNING
This press release contains forward-looking statements with
respect to us and our industry. Statements that include the words
"targeted", "expected", "will", "believe" or other comparable
terminology and similar statements of a future or forward-looking
nature identify forward-looking statements.
More particularly and without limitation, any statements
regarding the following are forward-looking statements:
-- expected demand for methanol and its derivatives,
-- expected new methanol supply,
-- expected re-start date of our relocated methanol plant,
-- ability to obtain natural gas for our relocated methanol plant on
commercially acceptable terms,
-- expected capital cost to restart our relocated methanol plant,
-- anticipated production rates of our restarted methanol plant,
-- expected operating costs, including natural gas feedstock costs and
logistics costs of our restarted methanol plant,
-- expected timing of receipt of government permits and approvals,
-- ability to successfully execute the relocation of our idled methanol
plant,
-- expected global or regional economic activity (including industrial
production levels).
We believe that we have a reasonable basis for making such
forward-looking statements. The forward-looking statements in this
document are based on our experience, our perception of trends,
current conditions and expected future developments as well as
other factors. Certain material factors or assumptions were applied
in drawing the conclusions or making the forecasts or projections
that are included in these forward-looking statements, including,
without limitation, future expectations and assumptions concerning
the following:
-- success of natural gas exploration and development and our ability to
procure economically priced natural gas in the United States,
-- production rates of our relocated methanol plant,
-- receipt or issuance of governmental and regulatory consents or
approvals, including without limitation, environmental permits, required
in order to operate the relocated methanol plant,
-- global and regional economic activity (including industrial production
levels),
-- absence of a material negative impact from changes in laws or
regulations, and
-- timing of completion and cost of execution of both Louisiana relocation
projects.
However, forward-looking statements, by their nature, involve
risks and uncertainties that could cause actual results to differ
materially from those contemplated by the forward-looking
statements. The risks and uncertainties primarily include those
attendant with producing and marketing methanol and successfully
carrying out major capital expenditure projects in various
jurisdictions, including without limitation:
-- conditions in the methanol and other industries, including fluctuations
in supply, demand and price for methanol and its derivatives, including
demand for methanol for energy uses,
-- the price of natural gas, oil and oil derivatives,
-- our ability to enter into gas purchase arrangements on commercially
acceptable terms,
-- the ability to successfully carry out corporate initiatives and
strategies,
-- actions of competitors, suppliers, and financial institutions,
-- changes in laws or regulations,
-- world-wide economic conditions, and
-- other risks described in our 2012 Management's Discussion and Analysis
and first quarter, 2013 Management's Discussion and Analysis.
Having in mind these and other factors, investors and other
readers are cautioned not to place undue reliance on
forward-looking statements. They are not a substitute for the
exercise of one's own due diligence and judgment. The outcomes
anticipated in forward-looking statements may not occur and we do
not undertake to update forward-looking statements except as
required by applicable securities laws.
Contacts: Investor Inquiries: Sandra Daycock Director, Investor
Relations Methanex Corporation 604-661-2600 or Toll Free: 1 800 661
8851 Media Inquiries: Marc Dupont Director, Government and Public
Affairs Methanex Corporation 604 661 2600 or Toll Free: 1 800 661
8851 www.methanex.com
Methanex (TSX:MX)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024
Methanex (TSX:MX)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024