- Delayed start-up of the Geismar 3 plant.
- Softer than expected demand for methanol in mid-year.
- Higher than typical operating rates.
- Low methanol-to-olefin (MTO) affordability leading to lower prices.
- Unplanned outages at various production sites.
- Natural gas constraints in New Zealand and Trinidad and Tobago.
- Uncertainty and challenges in Iran due to sanctions, plant technical issues, and seasonal natural gas constraints.
- Potential gas diversion from methanol to LNG in Equatorial Guinea.
Methanex Corporation
Greenhouse gas emissions & sustainability report data
Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2022 | 4.0M tonnes CO₂e |
| 2021 | 4.1M tCO2e/year (Scope 1 and 2 equity share) |
| 2020 | 4.0M tonnes CO2e (Scope 1+2) |
| 2019 | 4.5M tCO2e/year (Scope 1 from manufacturing) |
| 2018 | 4.1M tCO2e/year (Scope 1) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Successfully completed three major turnarounds at our Geismar 1, Chile 1, and Motunui 2 plants to maintain safe, reliable and sustainable operation.
- Debottlenecking of two distillation columns at our Motunui facility in New Zealand, simplifying operations while also reducing greenhouse gas emissions.
- Successfully completed the first-ever net-zero voyage, on our dual-fuel vessel Cajun Sun, which was fueled by bio-methanol from our ISCC (International Sustainability and Carbon Certification) certified plant in Geismar.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Repay the $300 million bond due at the end of 2024.
📅 Medium-term
- Identify accretive growth opportunities – both conventional and low carbon.
🔭 Long-term
- Continued demand growth over the long-term due to its use in both traditional chemical applications and its growing role as a cleaner-burning alternative fuel.
🌱 ESG Focus Areas
Greenhouse gas (GHG) emissionsTransition to a low-carbon economyEmployee and contractor safetyProcess safetyEquity, Diversity and Inclusion (EDI)