Methanex Corporation (MEOH): Business Model Canvas [Jan-2025 Mise à jour]

Plongez dans le monde complexe de Methanex Corporation, une puissance mondiale de méthanol qui transforme le génie chimique complexe et le positionnement stratégique du marché en un modèle commercial remarquable. En tirant parti des installations de production avancées, des partenariats innovants et un solide réseau mondial de distribution, Methanex a taillé un créneau unique dans le paysage chimique industriel, offrant des solutions de méthanol de haute qualité qui alimentent divers secteurs du mélange de carburant automobile aux technologies d'énergie renouvelable. Leur toile de modèle commercial méticuleusement conçu révèle une approche sophistiquée de la création de valeur, démontrant comment l'allocation stratégique des ressources et les stratégies centrées sur le client peuvent stimuler une croissance durable sur le marché mondial des matières premières concurrentiel.

Methanex Corporation (MEOH) - Modèle commercial: partenariats clés

Alliances stratégiques avec les producteurs de gaz naturel

Methanex maintient des partenariats stratégiques avec les producteurs de gaz naturel dans les régions clés:

Région	Partenaire de gaz naturel	Volume de l'offre annuelle
Trinidad et Tobago	Atlantique LNG	1,3 million de tonnes métriques par an
Chili	Enap	800 000 tonnes métriques par an
Egypte	Compagnie de portefeuille de gaz naturel égyptien	1,1 million de tonnes métriques par an

Accords d'approvisionnement à long terme

Methanex a établi des accords d'approvisionnement à long terme avec plusieurs sociétés énergétiques:

• Shell Trading International
• BP Trading International
• Vitol Trading S.A.
• Total Trading S.A.

Coentreprises dans la production de méthanol

Emplacement	Coentreprise	Pourcentage de propriété	Capacité de production
Alberta, Canada	Nova Chemicals	50%	1,8 million de tonnes métriques par an
Louisiane, États-Unis	Yuhuang Chemical	50%	1,1 million de tonnes métriques par an

Partenariats d'expédition maritimes

Methanex collabore avec les grandes compagnies maritimes maritimes:

• Ligne Maersk
• Méditerranée Shipping Company (MSC)
• Groupe CMA CGM

Collaborations de consommation chimique industrielle

Secteur de l'industrie	Consommateurs clés	Consommation annuelle de méthanol
Automobile	Dow chimique	350 000 tonnes métriques
Pharmaceutique	BASF	250 000 tonnes métriques
Plastiques	Lyondellbasell	450 000 tonnes métriques

Methanex Corporation (MEOH) - Modèle commercial: activités clés

Production de méthanol et distribution mondiale

Methanex exploite 11 installations de production de méthanol dans le monde dans 5 pays. La capacité de production totale en 2023 était de 14,4 millions de tonnes métriques par an.

Emplacement de production	Capacité annuelle (tonnes métriques)
Chili	5,4 millions
Egypte	1,3 million
États-Unis	4,2 millions
Trinidad	3,5 millions

Gestion opérationnelle des usines de fabrication

Methanex maintient une stratégie opérationnelle robuste avec des mesures de performance clés:

• Taux moyen d'utilisation des plantes: 92% en 2023
• Sites opérationnels totaux: 11 installations de fabrication
• Employés dédiés à la fabrication: 1 200 mondial

Optimisation continue des processus et innovation technologique

L'investissement en R&D en 2023 était de 42,3 millions de dollars, en se concentrant sur:

• Améliorations de l'efficacité énergétique
• Technologies de réduction des émissions
• Systèmes de contrôle des processus avancés

Élaboration du marché et stratégies d'expansion

Segment de marché	Contribution des revenus
Automobile	28%
Construction	22%
Énergie	35%
Autres industriels	15%

Gestion des risques dans le trading mondial des produits

Stratégies de couverture du méthanex en 2023:

• Couverture des risques de prix des matières premières: 65% de la production annuelle
• Couverture de devises: 780 millions de dollars d'instruments financiers
• Budget d'atténuation des risques géopolitiques: 23,5 millions de dollars

Methanex Corporation (MEOH) - Modèle commercial: Ressources clés

Installations avancées de production de méthanol dans le monde

Methanex exploite 12 installations de production de méthanol dans 5 pays:

Emplacement	Capacité (million de tonnes métriques)
Chili	5.4
Egypte	1.3
Nouvelle-Zélande	2.0
États-Unis	3.5
Canada	1.8

Réseau mondial de logistique et de transport

Infrastructure mondiale d'expédition et logistique:

• Navires totaux: 7
• Volume annuel d'expédition de méthanol: 10,5 millions de tonnes métriques
• Présence opérationnelle dans 23 pays

Expertise technique dans la fabrication chimique

Capacités techniques:

• Investissement de recherche et développement: 42 millions de dollars en 2022
• Plus de 1 200 employés techniques spécialisés
• 38 ans d'expérience en production de méthanol

Capital financier et capacité d'investissement solides

Métrique financière	Valeur 2022
Actif total	3,2 milliards de dollars
Total des capitaux propres	1,8 milliard de dollars
Dépenses en capital annuelles	250 millions de dollars

Travail qualifié avec des connaissances spécialisées de l'industrie

Composition de la main-d'œuvre:

• Total des employés: 2 100
• Tiration moyenne des employés: 14 ans
• Programmes de formation technique avancés: 6 modules de formation spécialisés

Methanex Corporation (MEOH) - Modèle d'entreprise: propositions de valeur

Méthanol de haute qualité pour diverses applications industrielles

Methanex produit 7,5 millions de tonnes métriques de méthanol par an dans les installations de production mondiales. Les applications industrielles primaires comprennent:

• Mélange de carburant automobile
• Fabrication de produits chimiques
• Production de formaldéhyde
• Synthèse du biodiesel

Grade de produit	Niveau de pureté	Volume de production annuel
Méthanol de qualité industrielle	99,85% pur	5,2 millions de tonnes métriques
Méthanol de qualité carburant	99,99% pur	2,3 millions de tonnes métriques

Chaîne d'approvisionnement mondiale fiable et cohérente

Methanex exploite des installations de production dans:

• Canada (1,7 million de tonnes métriques)
• Chili (1,1 million de tonnes métriques)
• Égypte (1,3 million de tonnes métriques)
• Nouvelle-Zélande (0,4 million de tonnes)

Prix ​​compétitifs sur le marché du méthanol

Segment de marché	Prix ​​moyen par tonne métrique	Part de marché
Méthanol industriel	$380-$420	14.5%
Méthanol de qualité carburant	$450-$490	11.2%

Production durable et soucieuse de l'environnement

Métriques de réduction du carbone:

• Les émissions de CO2 ont diminué de 22% depuis 2015
• Utilisation d'énergie renouvelable: 35% de la consommation totale d'énergie
• Réduction des déchets: 18% d'une année à l'autre

Flexibilité pour répondre aux exigences spécifiques au client

Type de personnalisation	Capacité d'adaptation	Taux de satisfaction client
Modifications de la pureté	Dans les 24 à 48 heures	92%
Échelle de volume	Variation jusqu'à 50%	88%

Methanex Corporation (MEOH) - Modèle d'entreprise: relations clients

Relations à long terme basées sur les contrats

Methanex Corporation maintient 20-25 ans de contrats d'approvisionnement en méthanol à long terme avec les principaux clients industriels. En 2023, environ 78% de leur volume total de ventes ont été garantis par le biais d'accords pluriannuels.

Type de contrat	Durée moyenne	Couverture du volume des ventes
Contrats à long terme	20-25 ans	78%

Équipes de gestion des comptes dédiés

Methanex exploite des équipes de gestion des comptes spécialisés au service des régions mondiales clés:

• Amérique du Nord: 12 gestionnaires de comptes dédiés
• Asie-Pacifique: 8 gestionnaires de comptes dédiés
• Europe / Moyen-Orient: 6 gestionnaires de comptes dédiés

Services de support technique et de consultation

L'infrastructure de soutien technique comprend:

Catégorie de support	Investissement annuel
Consultation technique	4,2 millions de dollars
Formation client	1,7 million de dollars

Performances régulières et avis de qualité

Methanex effectue des revues trimestrielles de performance avec 92% des principaux clients industriels, en se concentrant sur:

• Métriques de qualité du produit
• Performance de livraison
• Conformité des spécifications techniques

Développement de solutions personnalisées

Investissement annuel dans des solutions de méthanol personnalisées: 6,5 millions de dollars, des industries en service, notamment:

• Automobile
• Fabrication de produits chimiques
• Secteur de l'énergie
• Applications pharmaceutiques

Methanex Corporation (MEOH) - Modèle commercial: canaux

Équipe de vente directe

Methanex Corporation exploite une équipe de vente directe mondiale couvrant 14 pays avec 5 bureaux de vente régionaux. L'équipe commerciale gère environ 3,3 millions de tonnes métriques de ventes de méthanol par an.

Région	Couverture des ventes	Volume des ventes annuelles
Amérique du Nord	3 bureaux de vente	1,2 million de tonnes métriques
Asie-Pacifique	2 bureaux de vente	1,1 million de tonnes métriques

Plateformes d'approvisionnement en ligne

Methanex utilise des systèmes d'approvisionnement numérique avec 97% des transactions clients traitées via des plateformes en ligne sécurisées.

• Système d'approvisionnement basé sur SAP
• Portail de transaction Web sécurisé
• Plateforme de gestion des stocks en temps réel

Salons et conférences de l'industrie

Methanex participe à 12 conférences internationales de l'industrie chimique chaque année, représentant 85% des interactions du marché mondial du méthanol.

Représentants du marketing stratégique

La société maintient 22 représentants de marketing stratégique sur les marchés mondiaux, couvrant les principales régions industrielles.

Région de marché	Nombre de représentants
Amérique du Nord	6
Asie-Pacifique	8
Europe	5
Moyen-Orient	3

Systèmes de communication numérique et d'information

Methanex implémente une infrastructure de communication numérique avancée avec une disponibilité du système à 99,8% et une connectivité globale en temps réel.

• Système intégré de planification des ressources d'entreprise (ERP)
• Suivi de la chaîne d'approvisionnement compatible la blockchain
• Réseaux de communication en cloud sécurisés

Methanex Corporation (MEOH) - Modèle d'entreprise: segments de clientèle

Industries de la fabrication de produits chimiques

Methanex dessert des industries de fabrication de produits chimiques avec des volumes de production de méthanol de 3,5 millions de tonnes métriques par an en 2023.

Segment de l'industrie	Consommation annuelle de méthanol	Part de marché
Producteurs pétrochimiques	1,2 million de tonnes métriques	34.3%
Fabricants de produits chimiques spécialisés	850 000 tonnes métriques	24.3%

Marchés de mélange de carburant automobile

La taille du marché mondial du mélange de méthanol automobile a atteint 12,4 milliards de dollars en 2023.

• Volume de mélange de biodiesel: 680 000 tonnes métriques
• Part de marché de l'additif de carburant: 22,5%

Secteur des énergies renouvelables

Methanex fournit du méthanol pour les applications d'énergie renouvelable avec un volume annuel de 450 000 tonnes métriques.

Application d'énergie renouvelable	Consommation de méthanol
Technologies de pile à combustible	210 000 tonnes métriques
Conversion de biomasse	240 000 tonnes métriques

Producteurs de produits chimiques agricoles

Approvisionnement en méthanol au marché chimique agricole: 620 000 tonnes métriques par an.

Fabricants de matériaux de construction

Consommation de méthanol liée à la construction: 510 000 tonnes métriques en 2023.

Type de matériau de construction	Utilisation du méthanol	Taux de croissance
Résines et adhésifs	280 000 tonnes métriques	4.2%
Matériaux d'isolation	230 000 tonnes métriques	3.8%

Methanex Corporation (MEOH) - Modèle d'entreprise: Structure des coûts

Installations de fabrication à forte intensité de capital

Methanex exploite 17 installations de production dans le monde avec une capacité de production totale de méthanol de 14,6 millions de tonnes métriques par an en 2023. Valeur comptable totale de propriété, d'usine et d'équipement: 3,2 milliards de dollars.

Emplacement de l'installation	Capacité de production (tonnes métriques)	Investissement en capital estimé
Trinidad	5,5 millions	1,2 milliard de dollars
Egypte	1,8 million	450 millions de dollars
Chili	2,2 millions	620 millions de dollars

Frais d'approvisionnement en matières premières

Le gaz naturel représente le coût des matières premières primaires, en moyenne de 4,50 $ à 6,20 $ par million de BTU en 2023. Dépenses annuelles d'approvisionnement en matières premières: environ 1,8 milliard de dollars.

Coûts de transport et de logistique

Total des frais de transport en 2022: 375 millions de dollars. La flotte d'expédition comprend 14 navires détenus et affrétés.

Mode de transport	Coût annuel	Pourcentage de la logistique totale
Expédition maritime	275 millions de dollars	73%
Transport terrestre	100 millions de dollars	27%

Investissements de recherche et développement

Dépenses de R&D en 2022: 22,5 millions de dollars, en se concentrant sur:

• Efficacité de production de méthanol
• Technologies de capture de carbone
• Développement de carburant alternatif

Entretien opérationnel et conformité

Coûts de maintenance et de conformité annuels: 180 millions de dollars. La panne comprend:

• Entretien de l'équipement: 95 millions de dollars
• Conformité environnementale: 45 millions de dollars
• Systèmes de sécurité: 40 millions de dollars

Structure totale des coûts opérationnels pour 2022: 2,4 milliards de dollars, ce qui représente 85% des revenus totaux.

Methanex Corporation (MEOH) - Modèle d'entreprise: Strots de revenus

Ventes de méthanol sur les marchés industriels mondiaux

En 2022, Methanex Corporation a déclaré un chiffre d'affaires total de 4,91 milliards de dollars, les ventes mondiales de méthanol représentant la principale source de revenus.

Segment de marché	Contribution des revenus (%)
Automobile / transport	28%
Construction	22%
Produits chimiques / polymères	35%
Autres utilisations industrielles	15%

Revenus de contrat d'approvisionnement à long terme

Methanex maintient des contrats d'approvisionnement à long terme avec des clients industriels clés, représentant environ 65% des revenus annuels.

• Durée du contrat moyen: 5-7 ans
• Valeur totale du contrat à long terme en 2022: 3,19 milliards de dollars
• Régions contractuelles clés: Amérique du Nord, Asie, Europe

Revenu de diversification du marché géographique

Région	Revenus ($ m)	Pourcentage
Amérique du Nord	1,850	37.7%
Asie	1,470	29.9%
Europe	890	18.1%
Autres régions	700	14.3%

Prix ​​premium pour les produits de haute qualité

Les notes de méthanol premium accordent une prime de prix supplémentaire de 8 à 12% par rapport aux notes industrielles standard.

• Prix ​​de méthanol standard: 400 $ / tonne
• Prix ​​de méthanol premium: 440 $ - 448 $ / tonne
• Revenus annuels des produits premium: 620 millions de dollars

Revenus de service à valeur ajoutée

Les services supplémentaires ont généré 127 millions de dollars de revenus supplémentaires pour 2022.

Type de service	Revenus ($ m)
Conseil technique	42
Support logistique	55
Mélange personnalisé	30

Methanex Corporation (MEOH) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose Methanex Corporation over competitors in late 2025. It boils down to unmatched scale, a global reach that translates to reliability, and a clear path toward lower-carbon solutions.

World's largest producer, ensuring supply reliability and scale.

Methanex Corporation is the world's largest producer and supplier of methanol, which gives you confidence in volume availability. For the full year 2025, the company expects production, inclusive of newly acquired assets, to be approximately 8.0 million tonnes (Methanex interest), with 7.8 million tonnes being methanol. This scale is significant; in 2024, Methanex sales volume represented approximately 11% of global methanol demand. Post-acquisition of OCI Global's business, the total annual operating capacity, including interests in jointly owned plants, stands at approximately 10.6 million tonnes. The Geismar complex alone, with G1, G2, and the new G3 plant, has an annual production capacity of 4 million tonnes of methanol.

Here's a snapshot of that scale and recent operational performance:

Metric	Value (2025 Data)	Context
Expected 2025 Equity Production (Methanex Interest)	8.0 million tonnes	Includes newly acquired assets.
2024 Global Methanol Demand Share	11%	Reflects market leadership position.
Total Annual Operating Capacity (Pro Forma)	~10.6 million tonnes	Combined capacity across all sites.
Q2 2025 Methanol Production (Methanex Interest)	1,621,000 tonnes	Actual production for the second quarter.

Integrated global supply chain for secure, on-time delivery.

You benefit from an integrated global supply chain that goes beyond just production. This network includes logistics assets designed for secure movement. For instance, Waterfront Shipping, the majority-owned subsidiary, manages 30 vessels to move product globally. This infrastructure allows Methanex Corporation to serve major international markets across Asia Pacific, North America, Europe, and South America, providing flexibility to meet customer needs even when local production faces constraints, such as the gas supply challenges experienced in Egypt and New Zealand during 2025.

The supply chain value is supported by:

• Global production network across multiple continents.
• Regional sales offices for local market support.
• Logistics supported by 30 managed vessels.

Low-carbon methanol as a cleaner-burning marine fuel solution.

Methanex Corporation is actively positioning itself for the energy transition, offering solutions for the emerging low-carbon market. A key focus is on marine fuel, where the company's shipping arm is a leader. As of early 2025, 19 of Waterfront Shipping's 30 operating vessels are dual-fuel, proving the technology's viability. Furthermore, the company has secured a multi-year renewable natural gas (RNG) contract to produce 40,000-60,000 tonnes of low-carbon methanol from 2025-2028 at the Geismar facility. The G1, G2, and G3 sites also hold International Sustainability & Carbon Certification (ISCC) for bio-methanol production, enabling sales under the Renewable Energy Directive II (RED II).

Cost-advantaged production from facilities like G3 (low $\text{CO}_2$ intensity).

The addition of the Geismar 3 (G3) plant, which achieved commercial production in late 2024, significantly enhances the cost-advantaged position. The G3 plant is engineered to be one of the lowest $\text{CO}_2$ emissions intensity plants in the world, targeting less than 0.3 tonnes of $\text{CO}_2$ per tonne of methanol. This low intensity is achieved by using excess hydrogen from the adjacent G1 and G2 plants and having access to abundant, low-cost natural gas in the US. This focus on efficiency and lower emissions from growth projects is a core part of the strategy to generate strong cash flow across a range of methanol prices.

High-quality chemical building block for diverse industrial applications.

Methanol itself is a fundamental, high-quality chemical building block. Global demand for methanol was approximately 97 million MT in 2024, driven by traditional chemical applications and its role as a transition-ready fuel. Methanex Corporation's leadership role includes publishing Methanex reference prices used as the basis for pricing in customer contracts across regions, which speaks to the perceived quality and benchmark status of their product.

Methanex Corporation (MEOH) - Canvas Business Model: Customer Relationships

Methanex Corporation builds its customer relationships on a foundation of safe, sustainable, and reliable supply, leveraging its position as the world's largest methanol producer and supplier. This competitive advantage underpins long-term engagements with top-tier global customers.

Long-term supply contracts with top-tier global customers

The relationship structure is heavily weighted toward securing long-term supply agreements, which provide revenue stability. For instance, Methanex Corporation holds a long-term natural gas supply contract with OMV New Zealand that is set to expire in 2029. This stability in feedstock supply is critical to maintaining reliable delivery to customers. The company's focus on operational excellence and safety is the bedrock for these enduring relationships.

The scale of Methanex Corporation's operations supports these large-volume relationships. The company is targeting an equity production of approximately 8.0 million tonnes for the full 2025 fiscal year, inclusive of newly acquired assets. As of the trailing twelve months ending September 30, 2025, Methanex Corporation reported a total revenue of approximately $3.57 billion.

Key metrics related to supply and logistics supporting customer delivery include:

• Waterfront Shipping operates a fleet made up of 30 deep-sea tankers.
• Approximately 85% of Methanex Corporation's product is transported by Waterfront Shipping.
• The company's integrated global supply chain is supported by 33 vessels managed by its majority-owned subsidiary as of April 2025.

Direct sales and relationship management via regional sales offices

Methanex Corporation manages its global customer base through a network of in-region marketing and sales offices, ensuring proximity to major international markets. The company supplies customers across North America, Asia Pacific, Europe and South America.

The direct sales structure is organized regionally to manage these diverse markets:

Sales Region	Contact Email Example	Geographic Scope Mentioned
Europe	sales.europe@methanex.com	Europe
North America	sales.northamerica@methanex.com	North America
Latin America	sales.latinamerica@methanex.com	Latin America
Asia Pacific	sales.asia@methanex.com	Asia Pacific

The company has manufacturing, marketing, and supply chain capabilities spanning North America, Latin America, Europe, the Caribbean, the Middle East, and throughout the Asia Pacific region. This extensive footprint allows for direct engagement and tailored service delivery.

Dedicated customer service for safe product handling and logistics

The commitment to customer service is explicitly tied to product stewardship and logistics reliability. Methanex Corporation strives to provide world-class customer service, supported by integrated in-region logistics capabilities. Product delivery uses several modes of transport, including tanker, barge, rail, truck and pipeline.

For specialized needs, Methanex Corporation maintains dedicated sales channels:

• Global Marine Fuels Sales contact: marinefuels@methanex.com.
• Global Green Methanol Sales contact: greenmethanol@methanex.com.

The company has developed a comprehensive methanol bunkering safety package and technical guidance based on internationally recognized protocols to support shipping companies and operators adopting methanol as a marine fuel.

Strategic, collaborative relationships for new methanol fuel adoption

Methanex Corporation is actively forming strategic partnerships to advance the adoption of methanol as a marine fuel, supporting the maritime energy transition. In September 2025, the company announced new strategic partnerships in the ARA (Amsterdam-Rotterdam-Antwerp) region and South Korea to enable safe, barge-to-ship methanol bunkering.

These collaborations include specific partners:

• In the ARA region, partnership with TankMatch for inland waterway fuel logistics.
• In South Korea, collaboration with Alpha Maritime and Hyodong Shipping for last-mile bunkering.

This focus on low-carbon solutions is supported by strategic investments. Methanex Corporation acquired OCI Global's international methanol business in May 2025 for $2.05 billion, enhancing its production capacity for low-carbon methanol. The broader Global Green Methanol Market is projected to grow significantly, from approximately USD 2.13 billion in 2024 to around USD 23.19 billion by 2032.

The company draws on over a decade of experience operating the world's largest fleet of methanol-fueled tankers through Waterfront Shipping to support these new fuel adoption relationships.

Methanex Corporation (MEOH) - Canvas Business Model: Channels

You're looking at how Methanex Corporation moves its product from production sites to the end-user, and it's a seriously integrated operation, relying heavily on its own assets.

Majority-owned subsidiary Waterfront Shipping for ocean freight

The ocean freight leg is handled by Waterfront Shipping Limited (WFS), Methanex Corporation's majority-owned subsidiary. WFS operates the world's largest methanol ocean tanker fleet, which is key to Methanex's global reach. As of early 2025, WFS operated a fleet of 33 marine vessels. Of those, 19 vessels are equipped with methanol dual fuel technology, representing about 60 per cent of the total fleet. The vessels in this fleet range in size from approximately 3,000 to 50,000 dead weight tonnes (DWT).

Here's a look at the composition of that ocean freight capacity:

Vessel Size Category (DWT)	Example Vessel	Deadweight (mt)	Year Built
45,000 - 50,000	Andean Sun	49,999	2022
30,000	Medalta Adventurer	30,727	2015
20,000	Sunny Lakes	20,719	2007
10,000	Zoey	12,085	2011
3,000	Duke Chemist	3,492	2017

This dedicated fleet underpins the delivery of the 2,476,000 tonnes of methanol Methanex sold in the third quarter of 2025.

Global network of port terminals, barges, rail cars, and trucks

Methanex Corporation's distribution relies on an extensive, integrated global supply chain. This network includes the operation of port terminals, barges, rail cars, and trucks to move product from production sites to customers. The company maintains 117 Global Terminals across 6 countries and 4 continents. The majority of Methanex Corporation's revenue is generated from Europe. This entire logistics backbone supports the movement of product that resulted in a trailing 12-month revenue of $3.57B as of September 30, 2025.

The distribution assets Methanex uses include:

• Port Terminals: 117 facilities globally.
• Marine Vessels: 33 tankers managed by Waterfront Shipping.
• Inland Logistics: Use of barges, rail cars, and trucks for final delivery legs.

Direct sales team and regional offices for industrial customers

For direct engagement with industrial customers-those using methanol as a feedstock for adhesives, foams, solvents, and windshield washer fluids, or for gasoline blending-Methanex Corporation utilizes a direct sales approach supported by regional offices. Methanex is unique as the only supplier with well-established production and sales in all major regions. The company maintains regional sales offices to support this direct channel. These teams work to retain and attract top-tier global customers, including names like Samsung, LyondellBasell, and Dow.

New methanol bunkering hubs in the ARA region and South Korea

Methanex Corporation is actively expanding its Channels to serve the emerging marine fuel market. In September 2025, the company announced new strategic partnerships to establish methanol bunkering hubs in two critical global corridors.

The specific bunkering channel expansions include:

• ARA Region (Amsterdam-Rotterdam-Antwerp): Partnering with TankMatch to provide safe, barge-to-ship methanol bunkering. This builds on a previous arrangement acquired through the OCI Global acquisition.
• South Korea: Working with Alpha Maritime and Hyodong Shipping to enable last-mile bunkering operations.

This expansion leverages Methanex Corporation's decade-plus experience operating the world's largest fleet of methanol-fueled tankers via Waterfront Shipping to offer a fully integrated, end-to-end fuel solution.

Methanex Corporation (MEOH) - Canvas Business Model: Customer Segments

You're looking at the core buyers for Methanex Corporation (MEOH) as of late 2025, right after they closed the OCI acquisition. The customer base is diverse, but the sheer scale of their product movement gives us some hard numbers to work with.

Methanex Corporation's total sales volume for Methanex-produced methanol in the third quarter of 2025 was 1,891,000 tonnes. Their trailing twelve month revenue as of September 30, 2025, stood at $3.57B. The company expects its total 2025 equity production, including the newly acquired assets, to be approximately 8.0 million tonnes, with 7.8 million tonnes being methanol.

The global methanol market, which Methanex serves, is estimated to be growing at a compound annual growth rate of 9.1% from 2025 to 2030, reaching a projected size of $64.14 billion by 2030, up from an estimated $38.50 billion in 2024.

Here's how the major customer groups fit into the broader picture:

• The Asia Pacific region, which includes China, represents 70% to 80% of global methanol demand, and Methanex noted that market growth is being driven there.
• The global renewable methanol market is projected to grow from $2.5 billion in 2025.

Industrial Chemical Producers form a foundational segment for Methanex, using methanol as a key building block.

• Globally, the formaldehyde segment dominated end-use consumption, accounting for a market share of 23.5% in 2024.
• For renewable methanol specifically, formaldehyde production is expected to hold approximately 36% of the global market share in 2025.
• Methanex customers use methanol to produce end-products like adhesives, foams, and solvents.

The Energy Sector is a major consumer, especially with the push for cleaner fuels.

Application/Segment	Global Market Context (2024/2025)	Methanex Operational Data (Q3 2025)
Gasoline Blending/Fuel Use	Global methanol usage as a cleaner-burning fuel is rapidly increasing.	Methanex's average realized price for Q3 2025 was $345 per tonne.
Biodiesel Component	Methanol is a major component in biodiesel production via transesterification.	Methanex sold 2,476,000 tonnes of total methanol in Q3 2025.

The Marine Industry is a significant growth vector, especially for low-carbon methanol.

You see this trend clearly in Asia Pacific; in 2025, China deployed the world's largest ship engine powered by methanol. Methanol is gaining acceptance in marine shipping because it helps meet net-zero emission targets.

Methanol-to-Olefins (MTO) plants, particularly in China, are a critical demand driver.

The global methanol market saw demand in China increase due to the start of a new Methanol-to-Olefin (MTO) plant in 2022. The overall methanol market growth of 2% to 3% year over year is being driven by China and Asia.

Finance: draft 13-week cash view by Friday.

Methanex Corporation (MEOH) - Canvas Business Model: Cost Structure

You're looking at the hard numbers driving Methanex Corporation's costs as of late 2025. It's all about feedstock, moving product, and servicing the big acquisition.

Natural gas feedstock is the primary variable cost, and its price directly impacts profitability. Methanex Corporation models its portfolio efficiency around ~35 mmbtu/MT (million British thermal units per metric ton) of methanol produced. Here's how the cost structure was modeled for 2025, before accounting for the full impact of the OCI methanol acquisition:

Cost Component	Metric/Amount (2025 Projection)	Context/Assumption
Average Gas Cost (Model)	~$3.85/mmbtu	Assumes Henry Hub forward curve of ~$3.50/mmbtu at $400/MT realized price.
North America Gas Hedge Position (Target)	~70%	Target hedge position in North America.
Impact of $50/MT change in ARP (Average Realized Price)	Impacts portfolio gas cost/MT by $6	Reflects sensitivity to market pricing.

Logistics and distribution expenses are significant, especially given Methanex Corporation's global supply chain. The company anticipated realizing cost savings post-acquisition.

• Anticipated annual cost synergies from lower logistics costs: ~$30 million.
• Anticipated annual cost synergies from lower selling, general and administrative expenses: ~$30 million.

Capital expenditures are split between keeping the lights on and growing the business. You see the 2025 spend forecast and the expected run-rate for the future.

Capital Expenditure Category	Projected Amount (2025)	Future Projection (2026+)
Total 2025 CAPEX	~$120 million	N/A
Run-rate Sustaining CAPEX	N/A	~$130 - 150 million

Servicing the balance sheet involves both scheduled debt payments and ongoing lease obligations. The Q3 2025 results show active deleveraging.

For the 2025 financial profile modeling, Methanex Corporation projected:

• Lease Payments: ~$145 million.
• Debt Service: ~$90 million.

To be fair, the Q3 2025 actuals show the company prioritizing debt reduction, repaying $125 million of the Term Loan A facility during that quarter alone. They ended Q3 2025 with $413 million in cash.

The integration of the OCI Global methanol business, which had a purchase price of $2.05 billion (comprising $1.15 billion cash, $450 million in shares, and assumption of $450 million in debt/leases), is noted to have low integration costs expected, thanks to the similar operating model.

The purchase price breakdown for the OCI methanol business was:

Payment Component	Amount
Cash Component	$1.15 billion
Common Shares Issued (approx.)	$450 million
Assumed Debt and Leases	$450 million

The integration plan focuses on applying Methanex Corporation's global expertise to improve operating rates at the acquired facilities.

Methanex Corporation (MEOH) - Canvas Business Model: Revenue Streams

You're looking at the top-line drivers for Methanex Corporation as of late 2025, which is heavily weighted toward the commodity cycle for methanol. The core of the business remains the sales of Methanol, which is the primary revenue source, but the recent OCI Acquisition has introduced a new, measurable stream.

Let's look at the recent quarterly performance to see how pricing and volume translate into dollars. For the second quarter of 2025, Methanex reported total sales volume of 2,133,000 tonnes, with sales of Methanex-produced methanol at 1,528,000 tonnes. This compares to Q1 2025 total sales of 2,217,000 tonnes and produced sales of 1,703,000 tonnes. By the third quarter of 2025, total sales volume increased to 2,476,000 tonnes, with Methanex-produced methanol sales reaching 1,891,000 tonnes.

The realized price is the key lever here. You saw the average realized price (ARP) of $374 per tonne in Q2 2025. That was a step down from the Q1 2025 ARP of $404 per tonne. The market softened further in the third quarter, with the ARP settling at $345 per tonne.

Here's a quick look at how those volumes and prices stacked up in the recent quarters:

Metric	Q1 2025	Q2 2025	Q3 2025
Average Realized Price (USD/tonne)	$404	$374	$345
Sales of Produced Methanol (tonnes)	1,703,000	1,528,000	1,891,000
Total Sales Volume (tonnes)	2,217,000	2,133,000	2,476,000

The sales of Ammonia is a new, distinct stream following the June 27, 2025, closing of the OCI Acquisition. This is now a measurable component of the business. For the third quarter of 2025, the newly acquired Beaumont facility produced 88,000 tonnes of ammonia. Overall, the company's 2025 production guidance, inclusive of all assets, targets approximately 8.0 million tonnes (Methanex interest), which includes an estimated 0.2 million tonnes of ammonia.

You should also factor in the revenue derived from the marketing of volumes Methanex does not own, which is the commission revenue from marketing non-owned methanol volumes. This is structured around Methanex's equity stakes in joint ventures. For example, Methanex owns 63.1% of the Atlas facility and markets the remaining 36.9% of its production under a commission offtake agreement. Similarly, Methanex markets 50% of the Egypt facility's production on a commission basis.

Regarding long-term pricing stability, you should note that revenue from long-term contracts historically represented about 65% of annual revenue, providing a degree of predictability against the spot market volatility. This structure helps anchor cash flow, even when the ARP fluctuates, as seen by the drop from $404/tonne in Q1 2025 to $345/tonne in Q3 2025.

The total revenue for the last twelve months ending September 30, 2025, was $3.57B, representing a year-over-year decrease of -3.36%. For context, Q2 2025 revenue was $797 million, down from $896 million in Q1 2025.

Finance: review the impact of the Q3 2025 $345/tonne ARP on Q4 2025 revenue projections by next Tuesday.