Methanex Corporation (MEOH): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no intrincado mundo da Methanex Corporation, uma potência global de metanol que transforma a engenharia química complexa e o posicionamento estratégico do mercado em um modelo de negócios notável. Ao alavancar instalações avançadas de produção, parcerias inovadoras e uma robusta rede de distribuição global, a Methanex criou um nicho único na paisagem química industrial, fornecendo soluções de metanol de alta qualidade que alimentam diversos setores da mistura de combustível automotivo para tecnologias de energia renovável. Sua tela de modelo de negócios meticulosamente criada revela uma abordagem sofisticada para a criação de valor, demonstrando como a alocação estratégica de recursos e as estratégias centradas no cliente podem gerar crescimento sustentável no mercado competitivo de commodities globais.

Methanex Corporation (MEOH) - Modelo de negócios: Parcerias -chave

Alianças estratégicas com produtores de gás natural

A Methanex mantém parcerias estratégicas com produtores de gás natural em regiões -chave:

Região	Parceiro de gás natural	Volume anual de oferta
Trinidad e Tobago	Atlantic Lng	1,3 milhão de toneladas métricas por ano
Chile	ENAP	800.000 toneladas métricas por ano
Egito	Holding de gás natural egípcio	1,1 milhão de toneladas métricas por ano

Acordos de fornecimento de longo prazo

A Methanex estabeleceu acordos de fornecimento de longo prazo com várias empresas de energia:

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

Joint ventures na produção de metanol

Localização	Parceiro de joint venture	Porcentagem de propriedade	Capacidade de produção
Alberta, Canadá	Nova Chemicals	50%	1,8 milhão de toneladas métricas anualmente
Louisiana, EUA	Yuhuang Chemical	50%	1,1 milhão de toneladas métricas anualmente

Parcerias marítimas de remessa

A Methanex colabora com grandes empresas de navegação marítima:

• Linha Maersk
• Companhia de transporte Mediterrâneo (MSC)
• Grupo CMA CGM

Colaborações de consumidores químicos industriais

Setor da indústria	Principais consumidores	Consumo anual de metanol
Automotivo	Dow Chemical	350.000 toneladas métricas
Farmacêutico	BASF	250.000 toneladas métricas
Plásticos	LyondellBasell	450.000 toneladas métricas

Methanex Corporation (MEOH) - Modelo de negócios: atividades -chave

Produção de metanol e distribuição global

A metanex opera 11 instalações de produção de metanol globalmente em 5 países. A capacidade total de produção em 2023 foi de 14,4 milhões de toneladas métricas anualmente.

Local de produção	Capacidade anual (toneladas métricas)
Chile	5,4 milhões
Egito	1,3 milhão
Estados Unidos	4,2 milhões
Trinidad	3,5 milhões

Gerenciamento operacional de fábricas

A Methanex mantém uma estratégia operacional robusta com as principais métricas de desempenho:

• Taxa média de utilização de plantas: 92% em 2023
• Sites operacionais totais: 11 instalações de fabricação
• Funcionários dedicados à fabricação: 1.200 globalmente

Otimização contínua de processos e inovação tecnológica

O investimento em P&D em 2023 foi de US $ 42,3 milhões, com foco em:

• Melhorias de eficiência energética
• Tecnologias de redução de emissões
• Sistemas avançados de controle de processos

Estratégias de desenvolvimento e expansão de mercado

Segmento de mercado	Contribuição da receita
Automotivo	28%
Construção	22%
Energia	35%
Outro industrial	15%

Gerenciamento de riscos no comércio global de commodities

Estratégias de hedge de metanex em 2023:

• Cobertura de risco de preço de commodities: 65% da produção anual
• Hedging de moeda: US $ 780 milhões em instrumentos financeiros
• Orçamento de mitigação de risco geopolítico: US $ 23,5 milhões

Methanex Corporation (MEOH) - Modelo de negócios: Recursos -chave

Instalações avançadas de produção de metanol em todo o mundo

A metanex opera 12 instalações de produção de metanol em 5 países:

Localização	Capacidade (milhão de toneladas métricas)
Chile	5.4
Egito	1.3
Nova Zelândia	2.0
Estados Unidos	3.5
Canadá	1.8

Extensa rede global de logística e transporte

Frota global de remessa e infraestrutura de logística:

• Vasos de propriedade total: 7
• Volume anual de remessa de metanol: 10,5 milhões de toneladas métricas
• Presença operacional em 23 países

Experiência técnica em fabricação química

Capacidades técnicas:

• Investimento de pesquisa e desenvolvimento: US $ 42 milhões em 2022
• Mais de 1.200 funcionários técnicos especializados
• 38 anos de experiência em produção de metanol

Forte capital financeiro e capacidade de investimento

Métrica financeira	2022 Valor
Total de ativos	US $ 3,2 bilhões
Patrimônio total	US $ 1,8 bilhão
Gastos anuais de capital	US $ 250 milhões

Força de trabalho qualificada com conhecimento especializado da indústria

Composição da força de trabalho:

• Total de funcionários: 2.100
• Posse média dos funcionários: 14 anos
• Programas de treinamento técnico avançado: 6 módulos de treinamento especializados

Methanex Corporation (MEOH) - Modelo de Negócios: Proposições de Valor

Metanol de alta qualidade para diversas aplicações industriais

A metanex produz 7,5 milhões de toneladas de metanol anualmente em instalações de produção globais. As aplicações industriais primárias incluem:

• Mistura de combustível automotivo
• Fabricação química
• Produção de formaldeído
• Síntese de biodiesel

Grau do produto	Nível de pureza	Volume anual de produção
Metanol de grau industrial	99,85% puro	5,2 milhões de toneladas métricas
Metanol de grau de combustível	99,99% puro	2,3 milhões de toneladas métricas

Cadeia de suprimentos global confiável e consistente

A metanex opera instalações de produção em:

• Canadá (1,7 milhão de toneladas)
• Chile (1,1 milhão de toneladas)
• Egito (1,3 milhão de toneladas)
• Nova Zelândia (0,4 milhão de toneladas)

Preços competitivos no mercado de metanol

Segmento de mercado	Preço médio por tonelada	Quota de mercado
Metanol industrial	$380-$420	14.5%
Metanol de grau de combustível	$450-$490	11.2%

Produção sustentável e ambientalmente consciente

Métricas de redução de carbono:

• As emissões de CO2 reduziram 22% desde 2015
• Uso de energia renovável: 35% do consumo total de energia
• Redução de resíduos: 18% ano a ano

Flexibilidade no atendimento aos requisitos específicos do cliente

Tipo de personalização	Capacidade de adaptação	Taxa de satisfação do cliente
Modificações de pureza	Dentro de 24-48 horas	92%
Escala de volume	Variação de até 50%	88%

Methanex Corporation (MEOH) - Modelo de Negócios: Relacionamentos do Cliente

Relacionamentos baseados em contratos de longo prazo

A Methanex Corporation mantém contratos de fornecimento de metanol de 20 a 25 anos de longo prazo com os principais clientes industriais. Em 2023, aproximadamente 78% do volume total de vendas foram garantidos por meio de acordos de vários anos.

Tipo de contrato	Duração média	Cobertura de volume de vendas
Contratos de longo prazo	20-25 anos	78%

Equipes de gerenciamento de contas dedicadas

A Methanex opera equipes de gerenciamento de contas especializadas que atendem a principais regiões globais:

• América do Norte: 12 gerentes de contas dedicadas
• Ásia-Pacífico: 8 gerentes de contas dedicadas
• Europa/Oriente Médio: 6 gerentes de contas dedicadas

Serviços de suporte técnico e consulta

A infraestrutura de suporte técnico inclui:

Categoria de suporte	Investimento anual
Consulta técnica	US $ 4,2 milhões
Treinamento do cliente	US $ 1,7 milhão

Revisões regulares de desempenho e qualidade

A Methanex realiza revisões trimestrais de desempenho com 92% dos principais clientes industriais, concentrando -se em:

• Métricas de qualidade do produto
• Desempenho de entrega
• Conformidade de especificação técnica

Desenvolvimento de solução personalizada

Investimento anual em soluções personalizadas de metanol: US $ 6,5 milhões, atendendo indústrias, incluindo:

• Automotivo
• Fabricação química
• Setor de energia
• Aplicações farmacêuticas

Methanex Corporation (MEOH) - Modelo de Negócios: Canais

Equipe de vendas diretas

A Methanex Corporation opera uma equipe global de vendas diretas, cobrindo 14 países com 5 escritórios de vendas regionais. A equipe de vendas gerencia aproximadamente 3,3 milhões de toneladas métricas de vendas de metanol anualmente.

Região	Cobertura de vendas	Volume anual de vendas
América do Norte	3 escritórios de vendas	1,2 milhão de toneladas métricas
Ásia -Pacífico	2 escritórios de vendas	1,1 milhão de toneladas métricas

Plataformas de compras on -line

A Methanex utiliza sistemas de compras digitais com 97% das transações de clientes processadas por meio de plataformas on -line seguras.

• Sistema de compras baseado em SAP
• Portal seguro de transação baseada na Web
• Plataforma de gerenciamento de inventário em tempo real

Feiras e conferências do setor

A Methanex participa de 12 conferências internacionais da indústria química anualmente, representando 85% das interações globais do mercado de metanol.

Representantes de marketing estratégico

A empresa mantém 22 representantes de marketing estratégico em mercados globais, cobrindo as principais regiões industriais.

Região de mercado	Número de representantes
América do Norte	6
Ásia -Pacífico	8
Europa	5
Médio Oriente	3

Sistemas de Comunicação Digital e Informação

A metanex implementa a infraestrutura avançada de comunicação digital com tempo de atividade de 99,8% do sistema e conectividade global em tempo real.

• Sistema de Planejamento de Recursos Empregados Integrados (ERP)
• Rastreamento da cadeia de suprimentos habilitado para blockchain
• Redes de comunicação baseadas em nuvem seguras

Methanex Corporation (MEOH) - Modelo de negócios: segmentos de clientes

Indústrias de fabricação química

A metanex serve indústrias de fabricação química com volumes de produção de metanol de 3,5 milhões de toneladas métricas anualmente a partir de 2023.

Segmento da indústria	Consumo anual de metanol	Quota de mercado
Produtores petroquímicos	1,2 milhão de toneladas métricas	34.3%
Fabricantes de produtos químicos especializados	850.000 toneladas métricas	24.3%

Mercados de mistura de combustível automotivo

O tamanho do mercado global de mistura de metanol automotivo atingiu US $ 12,4 bilhões em 2023.

• Volume de mistura de biodiesel: 680.000 toneladas métricas
• Participação de mercado aditiva de combustível: 22,5%

Setor de energia renovável

A metanex fornece metanol para aplicações de energia renovável com volume anual de 450.000 toneladas métricas.

Aplicação de energia renovável	Consumo de metanol
Tecnologias de células de combustível	210.000 toneladas métricas
Conversão de biomassa	240.000 toneladas métricas

Produtores químicos agrícolas

Fornecimento de metanol ao mercado químico agrícola: 620.000 toneladas métricas anualmente.

Fabricantes de materiais de construção

Consumo de metanol relacionado à construção: 510.000 toneladas métricas em 2023.

Tipo de material de construção	Uso de metanol	Taxa de crescimento
Resinas e adesivos	280.000 toneladas métricas	4.2%
Materiais de isolamento	230.000 toneladas métricas	3.8%

Methanex Corporation (MEOH) - Modelo de negócios: estrutura de custos

Instalações de fabricação intensivas em capital

A Methanex opera 17 instalações de produção globalmente, com uma capacidade total de produção de metanol de 14,6 milhões de toneladas métricas por ano a partir de 2023. Propriedade total, planta e equipamento Valor contábil líquido: US $ 3,2 bilhões.

Localização da instalação	Capacidade de produção (toneladas métricas)	Investimento de capital estimado
Trinidad	5,5 milhões	US $ 1,2 bilhão
Egito	1,8 milhão	US $ 450 milhões
Chile	2,2 milhões	US $ 620 milhões

Despesas de aquisição de matéria -prima

O gás natural representa o custo da matéria-prima primária, com média de US $ 4,50 a US $ 6,20 por milhão de BTU em 2023. Despesas anuais de aquisição de matéria-prima: aproximadamente US $ 1,8 bilhão.

Custos de transporte e logística

Total de despesas de transporte em 2022: US $ 375 milhões. A frota de transporte inclui 14 navios de propriedade e fretamento.

Modo de transporte	Custo anual	Porcentagem do total de logística
Envio marítimo	US $ 275 milhões	73%
Transporte terrestre	US $ 100 milhões	27%

Investimentos de pesquisa e desenvolvimento

Despesas de P&D em 2022: US $ 22,5 milhões, com foco em:

• Eficiência de produção de metanol
• Tecnologias de captura de carbono
• Desenvolvimento alternativo de combustível

Manutenção operacional e conformidade

Custos anuais de manutenção e conformidade: US $ 180 milhões. O colapso inclui:

• Manutenção de equipamentos: US $ 95 milhões
• Conformidade ambiental: US $ 45 milhões
• Sistemas de segurança: US $ 40 milhões

Estrutura total de custos operacionais para 2022: US $ 2,4 bilhões, representando 85% da receita total.

Methanex Corporation (MEOH) - Modelo de negócios: fluxos de receita

Vendas de metanol para mercados industriais globais

Em 2022, a Methanex Corporation registrou receita total de US $ 4,91 bilhões, com as vendas globais de metanol representando a fonte de receita primária.

Segmento de mercado	Contribuição da receita (%)
Automotivo/transporte	28%
Construção	22%
Produtos químicos/polímeros	35%
Outros usos industriais	15%

Receita de contrato de fornecimento de longo prazo

A Methanex mantém contratos de fornecimento de longo prazo com clientes industriais importantes, representando aproximadamente 65% da receita anual.

• Duração média do contrato: 5-7 anos
• Valor total de contrato de longo prazo em 2022: US $ 3,19 bilhões
• Regiões de contrato -chave: América do Norte, Ásia, Europa

Renda de diversificação de mercado geográfico

Região	Receita ($ m)	Percentagem
América do Norte	1,850	37.7%
Ásia	1,470	29.9%
Europa	890	18.1%
Outras regiões	700	14.3%

Preços premium para produtos de alta qualidade

As notas de metanol premium comandam um prêmio adicional de 8 a 12% de preço sobre as graus industriais padrão.

• Preço padrão de metanol: US $ 400/tonelada
• Preço premium de metanol: US $ 440- $ 448/tonelada
• Receita anual de produtos premium: US $ 620 milhões

Receitas de serviço de valor agregado

Os serviços suplementares geraram US $ 127 milhões em receita adicional para 2022.

Tipo de serviço	Receita ($ m)
Consultoria técnica	42
Suporte logístico	55
Mistura personalizada	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.