Latest news with #MethanexCorporation
Hamilton Spectator
2 days ago
- Business
- Hamilton Spectator
Methanex Corporation Receives Regulatory Approval for the Acquisition of OCI Global's Methanol Business
VANCOUVER, British Columbia, June 12, 2025 (GLOBE NEWSWIRE) — Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed. Accordingly, all regulatory approvals required for Methanex to close its previously announced acquisition of OCI Global's international methanol business have been obtained. The transaction is expected to close on June 27, 2025, and remains subject to the satisfaction of customary closing conditions. 'We are pleased to have received regulatory clearance and look forward to closing the transaction and welcoming new team members to Methanex.' said Rich Sumner, President and CEO of Methanex. 'Given our extensive integration planning, we expect to move quickly upon closing to deliver the strategic benefits of this acquisition.' Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Stock Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at . Inquiries Sarah Herriott Director, Investor Relations Methanex Corporation 604-661-2600 or Toll Free: 1-800-661-8851 Forward Looking Statements This First Quarter 2025 Management's Discussion and Analysis ('MD&A') as well as comments made during the First Quarter 2025 investor conference call contain forward-looking statements with respect to us and our industry. These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. Statements that include the word 'expects,' 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: 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: 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: 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 implied by forward-looking statements may not occur and we do not undertake to update forward-looking statements except as required by applicable securities laws.
Yahoo
22-04-2025
- Business
- Yahoo
Is Methanex Corporation (MEOH) the Most Undervalued Canadian Stock to Buy According to Wall Street Analysts?
We recently published a list of the 10 Most Undervalued Canadian Stocks to Buy According to Wall Street Analysts. In this article, we are going to take a look at where Methanex Corporation (NASDAQ:MEOH) stands against other undervalued Canadian stocks according to Wall Street analysts. As February was concluding, Reuters reported that Canada's economy showed unexpected strength in Q4 2024, with an annualized growth rate of 2.6%. Household spending in particular, which makes up over half of the total GDP, rose by 1.4% in Q4. Business investments, which were stagnant for the past 11 quarters, finally showed positive momentum with a 0.7% growth in Q4. This was fueled by a 4.2% surge in investment in machinery and equipment. On a per capita basis, real GDP rose by 0.2% in Q4, which represents the second increase in the last 11 quarters. However, recently, amidst concerns over a US-led trade war, a Reuters poll from April indicates rising recession risks for Canada, which will potentially trigger at least two more Bank of Canada rate cuts this year, despite a temporary 90-day pause on some reciprocal tariffs announced by the US. Economists have now lowered Canada's growth forecasts to 1.2% for this year and 1.1% for the next, down from 1.7% and 1.6% respectively. All the economists surveyed agree that the US tariffs have negatively affected business sentiment. Inflation is projected to average 2.4% in 2025 and 2.1% in 2026. On April 7, Steve Odland, The Conference Board president and CEO, joined CNBC's Special Report to talk about the impact of tariff-led uncertainty on CEO sentiments. Steve Odland emphasized that CEOs need clarity on numbers, costs, and the rules of the game to plan effectively. While CEOs felt somewhat positive about the general direction of the economy, the introduction of tariffs had thrown everything into confusion. Odland described the situation as chaotic because many had expected tariffs to target countries like China, not close allies such as Canada and Mexico. This move was a shock to the system and raised questions about whether the tariffs were a temporary negotiating tactic or a long-term policy change, which further complicates business planning. In a conversation regarding the expectation of certain countries to come to the negotiating table, Odland responded that some countries, including Canada and Mexico, would likely be prioritized for quick resolution due to their importance. This is because of the integrated nature of the North American supply chain, especially in industries like automotive manufacturing. The conversation suggested that if firm deals could be reached with Canada, Mexico, China, Vietnam, and Taiwan, ideally resulting in zero tariffs, business confidence would improve. We first used the Finviz stock screener to compile a list of cheap Canadian stocks that had a forward P/E ratio under 15. We then selected the 10 stocks with high upside potential of over 35%. The stocks are ranked in ascending order of their upside potential. We have also added the hedge fund sentiment for each stock, as of Q4 2024, which was sourced from Insider Monkey's database. Note: All data was sourced on April 21. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An aerial view of a petrochemical manufacturing plant, its intricate network of pipes and vats reflecting the industry's innovation and complexity. Forward P/E Ratio as of April 21: 6.5 Number of Hedge Fund Holders: 27 Average Upside Potential as of April 21: 96.15% Methanex Corporation (NASDAQ:MEOH) produces and supplies methanol in Asia Pacific, North America, Europe, and South America. It owns and leases storage and terminal facilities. The company serves chemical and petrochemical producers. In Q4 2024, the company achieved produced sales of ~1.5 million tons of methanol at an average realized price of $370 per ton. This resulted in an adjusted EBITDA of $224 million for the quarter. For the full year of 2024, Methanex (NASDAQ:MEOH)'s produced sales totaled ~6 million tons, with an average realized price of $355 per ton, generating an adjusted EBITDA of $764 million. The company's performance in the Methanol Production and Sales segment is influenced by global methanol pricing and market dynamics. In Q4 2024, tight market conditions in both the Atlantic and Pacific basins led to an increased methanol pricing environment, which continued into 2025. Methanex (NASDAQ:MEOH)'s global average realized price of $370 per metric ton in Q4 was sequentially $14 higher. This strength persisted into Q1 2025, with European posted prices increasing significantly. Overall, MEOH ranks 1st on our list of the most undervalued Canadian stocks to buy according to Wall Street analysts. While we acknowledge the growth potential of MEOH, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MEOH but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Globe and Mail
11-04-2025
- Business
- Globe and Mail
Green Methanol Market Size 2025 Emerging Demands, Share, Trends, Futuristic Opportunity, Share and Forecast To 2030
"Browse 227 market data Tables and 51 Figures spread through 194 Pages and in-depth TOC on "Green Methanol Market"" The Green Methanol Market is gaining momentum as a sustainable fuel alternative, driven by decarbonization goals and renewable energy integration. With growing adoption in marine, automotive, and chemical sectors, it plays a vital role in the global shift toward cleaner energy solutions. The global green methanol market is anticipated to expand from USD 1.95 billion in 2024 to USD 11.18 billion by 2030, registering a CAGR of 33.8% from 2024 to 2030. Growing demand for sustainable fuels & feedstocks and stringent emissions regulations are fueling the growth of the green methanol market. The Research report presents a complete judgment of the market which consists of green methanol market growth factors, future trends, consumption, production volume, CAGR value, attentive opinions, profit margin, price, and industry-validated market data. Based on feedstock, the green hydrogen is the fastest-growing feedstock segment for green methanol due to its potential to significantly cut carbon emissions. Produced using renewable energy sources like wind and solar, it offers a cleaner alternative to conventional hydrogen. Technological advancements are reducing electrolyzer costs, making green hydrogen more affordable. Government incentives and renewable energy policies are accelerating its adoption. Its versatility and easy integration into existing industrial processes also make it a preferred choice. As a result, green hydrogen is driving the growth of the green methanol market by providing a sustainable and cost-effective feedstock. Download PDF Brochure: Based on application, the fuel segment is is expected to dominate the market during the forecast period. The use of green methanol as fuel is growing quickly because industries need cleaner energy options and governments are making stricter rules to protect the environment. Green methanol produces fewer emissions and can be used in shipping, transportation (mixed with gasoline or directly in engines), and generating power. It's popular because it works well with current infrastructure and helps industries lower their carbon footprint. Based on region, North America is poised to emerge as the fastest-growing market in the green methanol sector. This growth is propelled by rigorous environmental regulations, substantial investments in renewable energy infrastructure, and strong government support through incentives and policies. The region's commitment to sustainability, combined with the involvement of key industry leaders and continuous technological advancements, significantly boosts the demand for green methanol across diverse applications. Green Methanol Companies Companies such as OCI N.V. (Netherlands), Carbon Recycling International Inc. (Iceland), Methanex Corporation (Canada), Proman (Switzerland) and Södra (Sweden) fall under the winners' category. These are leading players in the Green Methanol market globally. These players have adopted the strategies of acquisitions, expansions, partnerships, and investments to increase their market shares. OCI OCI is one of the leading global producers and distributors of nitrogen products, providing sustainable solutions for agricultural and industrial customers around the world. It operates through the nitrogen, and methanol business segments. Operating across four continents, the company produces approximately 16.1 million metric tons per year of nitrogen fertilizers, methanol, diesel exhaust fluid, melamine, and other nitrogen products. Get a Sample Copy of This Report: Carbon Recycling International Inc. Carbon Recycling International Inc. stands out as a global leader in converting carbon dioxide into methanol. Their production capacity surpasses 200,000 tonnes of sustainable methanol per year. This achievement makes them the world's first company to achieve commercial-scale production of methanol from carbon dioxide, a significant milestone in tackling climate change. Their innovative technology offers a game-changing solution by transforming carbon dioxide into a valuable resource, promoting sustainability. The commercially successful projects of the company are reducing carbon emissions worldwide. This contributes to the rapidly growing market for renewable methanol, projected to reach a staggering 400 million tonnes annually by 2050. The company is not only pioneering CO2 conversion technology, but also actively enabling the development of an entirely new sustainable fuel industry. Methanex Corporation Methanex Corporation produces methanol, which is used in the manufacturing of a range of consumer and industrial products, such as building materials, paints, foams, resins, clothing and textiles, pharmaceutical products, and medical equipment. Its wholly-owned subsidiary, Waterfront Shipping Co. Ltd., operates the methanol ocean tanker fleet. The company supplies methanol to petrochemical producers and distributors through its marketing offices in North America (Vancouver and Dallas), Europe (Brussels), Asia Pacific (Hong Kong, Shanghai, Tokyo, Beijing, and Seoul), Latin America (Santiago), and the Middle East (Dubai, UAE). Methanex Corporation's operations consist of a single operating segment for the production and sale of methanol. Since 2020, its site at Geismar, US, and its offices in Dallas and Brussels have been certified with the International Sustainability & Carbon Certification (ISCC) to produce and sell bioethanol. It has a vast geographical presence across Asia, Europe, South America, and North America. Proman Proman is a leading producer of methanol and is committed to developing sustainable methanol and ammonia as cleaner alternatives to fossil fuels. The company is actively involved in the production and transportation of methanol. Proman was formed by the merging of two companies, IPSL and Proman AG (Trinidad and Tobago). Proman's product portfolio consists of various products, such as methanol, ammonia, melamine, UAN solutions, and more. It has a vast global presence in countries across Europe, the Middle East & Africa, and North America. Södra Södra began producing bio-methanol at its Mönsterås pulp mill, marking a significant step toward a more sustainable future. Its bio-methanol sales demonstrate a resource-efficient approach, extracting more value from the raw materials used in its processes. Södra has pioneered commercial scale biomethanol production from forest biomass at its Mönsterås facility, producing 6.3 million liters annually. The sustainable process reduces emissions and is ISCC certified. Partnering with ANDRITZ, Södra overcame technical challenges and plans to expand its commercial applications. It has vast geographical presence in Europe, North America, Asia Pacific and South America. About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Yahoo
02-04-2025
- Business
- Yahoo
Is Methanex Corporation (MEOH) the Undervalued Chemical Stock to Buy Now?
We recently published a list of . In this article, we are going to take a look at where Methanex Corporation (NASDAQ:MEOH) stands against other undervalued chemical stocks to buy now. President Trump is looking to place 25% tariffs on goods from Canada and Mexico and this could negatively influence US industries and critical sectors beyond just autos. According to a report by CNBC in January 2025 by Lori Ann LaRocco, Canada is the largest partner with the US for critical chemicals. READ ALSO: 15 Best EV Stocks To Buy According to Billionaires and 10 Best Stocks Under $10 to Buy Now. The US chemicals industry also exports a huge amount of products to Canada. In 2023, US firms sold over $28 billion in chemicals to Canadian customers. On the other hand, Canadian partners export approximately $25 billion in chemicals to the US annually, as per the American Chemistry Council. Texas, California, Louisiana, North Carolina, Illinois, Ohio, Indiana, New York, Pennsylvania, and Iowa are the top chemical-producing states and they account for about 66% of total US chemical production while the rest of the chemicals are imported. According to the American Chemical Council, Canada is the leading source of chemical imports to the US and accounted for 18.1% of the total chemical imports in 2023. Canada is followed by China and South Korea. Eric Byer, CEO of the Alliance for Chemical Distribution, pointed out that if there is a trade war between Canada and the US, the price of critical chemicals could lead to inflationary pressures on US consumers and industries. According to Byer, Canada exports approximately 80% of the chlorine used in disinfecting drinking water for the West Coast states. He also pointed out that the US exports large amounts of phenol to Canada for use in the wood products industry. Some of that treated lumber is then also exported back into the US from Canada for domestic consumption and home construction purposes. The US-Canada chemical trade relationship supports other industries as well and disruption of this trade between the two countries could have far-reaching consequences. Our Methodology To compile our list of the 11 undervalued chemical stocks to buy now, we looked for the largest chemical companies. We reviewed our own rankings, financial media reports, ETFs, and various online resources to compile a list of the best chemical stocks. To find undervalued chemical stocks, we narrowed down our selection by looking for stocks trading at under 20 times their forward earnings as of March 28, 2025. Next, we focused on the top 11 undervalued chemical stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey's Q4 2024 database of more than 1,000 elite hedge funds. Finally, the 11 undervalued chemical stocks to buy were ranked in ascending order based on the number of hedge funds holding stakes in them as of Q4 2024. Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). An aerial view of a petrochemical manufacturing plant, its intricate network of pipes and vats reflecting the industry's innovation and complexity. Forward P/E: 8.05 Number of Hedge Fund Holders: 27 Methanex Corporation (NASDAQ:MEOH) is a Canadian chemical company that ranks among the best-undervalued chemical stocks to invest in. It is the largest methanol producer in the world and it supplies methanol to major international markets in North America, Asia Pacific, Europe, and South America. The company has production sites in Canada, Chile, Egypt, New Zealand, Trinidad and Tobago, and the United States. Methanex Corporation (NASDAQ:MEOH) has an extensive global supply chain of terminals, storage facilities, and the largest fleet of dedicated methanol ocean tankers in the world. The company is making moves to strengthen its leadership in the methanol industry. In September 2024, Methanex Corporation (NASDAQ:MEOH) announced that it has entered into a definitive agreement to acquire OCI Global's international methanol business for $2.05 billion. The deal includes OCI's interest in two major methanol facilities in Beaumont, Texas. One of these facilities also produces ammonia. Methanex Corporation (NASDAQ:MEOH) will also acquire a low-carbon methanol production and marketing business and a currently idle methanol facility in the Netherlands. The two highly attractive methanol assets in Beaumont benefit from access to North America's abundant and favourably-priced supply of natural gas feedstock. This transaction is expected to increase the company's global methanol production by over 20%. Additionally, Methanex Corporation (NASDAQ:MEOH) expects to achieve approximately $30 million of annual cost synergies through reduced logistics costs and lower selling, general, and administrative expenses. Overall, MEOH ranks 11th on our list of undervalued chemical stocks to buy now. While we acknowledge the potential of MEOH, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MEOH but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Associated Press
10-03-2025
- Business
- Associated Press
Methanex Provides Update on Geismar Operations
VANCOUVER, British Columbia, March 09, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that its 1.8 million tonne methanol plant, Geismar 3 (G3), in Geismar, Louisiana was impacted by an unplanned outage in late February. Upon completing various inspections, management has decided to complete repairs to the autothermal reformer (ATR), and management currently estimates a plant startup by early May 2025. During this outage, management is taking the opportunity to bring forward the completion of other planned maintenance work on G3 which was part of a previously budgeted three-week outage which is no longer expected to be required. This outage is expected to primarily impact the second quarter financial results due to lower produced methanol sales. The cost of these repairs is not expected to be material. Methanex is a Vancouver-based, publicly traded company and is the world's largest supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Stock Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at Inquiries: Sarah Herriott
