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Methanex Corp T.MX

Alternate Symbol(s):  MEOH

Methanex Corporation is a producer and supplier of methanol to international markets in North America, Asia Pacific, Europe and South America. The Company’s operations consist of the production and sale of methanol, a commodity chemical. It operates production sites in Canada, Chile, Egypt, New Zealand, Trinidad and Tobago and the United States. It has three plants in New Zealand, Motunui 1, Motunui 2 and Waitara Valley. Its Trinidad production site supplies methanol to all methanol markets. Its Chile production site supplies methanol to customers in South America and Asia Pacific, having two plants in Chile, Chile I and Chile IV. Its Egypt plant is located on the Mediterranean Sea and primarily supply methanol to the domestic and European market. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. It also has interest in two methanol facilities in Beaumont, Texas, one of which also produces ammonia and methanol facility in Delfzijl, Netherlands.


TSX:MX - Post by User

Post by Possibleidiot01on Jan 30, 2024 7:02am
110 Views
Post# 35852076

competitor ESG move

competitor ESG move

Linde Starts up Supply of Clean Hydrogen and Captured Carbon Dioxide to Celanese

ACCESSWIREJan 30, 2024 6:30 AM EST

WOKING, UK / ACCESSWIRE / January 30, 2024 / Linde (Nasdaq:LIN) announced today that it has started supplying clean hydrogen and captured carbon dioxide to Celanese, a global chemical and specialty materials company.

Linde is supplying Celanese with carbon dioxide captured from its state-of-the-art carbon monoxide and hydrogen production facility at Clear Lake, Texas. Celanese will use the captured carbon dioxide and resulting clean hydrogen, along with other carbon dioxide sources, as feedstock to produce methanol with a lower carbon intensity at its Fairway Methanol LLC joint venture with Mitsui & Co., Ltd.

Linde already supplies carbon monoxide, oxygen and nitrogen to Celanese from its Clear Lake facility and US Gulf Coast pipeline system. The additional supply is an expansion of the existing long-term agreement.

"Celanese is meeting the challenge to produce products with a lower carbon footprint by using carbon dioxide that would otherwise be emitted," said Mark Murray, Senior Vice President of Acetyls at Celanese. "We are pleased to work with Linde in our journey to reduce the carbon intensity of methanol, a raw material widely used in many everyday products."

"Linde is actively supporting its customers' decarbonization goals," said Amer Akhras, Vice President South Region at Linde. "We are proud to expand our existing relationship with Celanese by investing in our Clear Lake facility to enable the production of essential chemicals with a lower carbon intensity."

As a leading industrial gases and engineering company, Linde is playing a key role in the clean energy transition. The company is actively helping its customers to decarbonize their operations with the latest carbon capture and hydrogen technologies through its world-class engineering organization, key alliances and ventures, and leveraging its extensive experience and infrastructure. Linde is developing clean energy projects across a range of applications and industries and growing its established business along the entire value chain.

About Linde

Linde is a leading global industrial gases and engineering company with 2022 sales of $33 billion. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet.

The company serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde's industrial gases and technologies are used in countless applications including production of clean hydrogen and carbon capture systems critical to the energy transition, life-saving medical oxygen and high-purity & specialty gases for electronics. Linde also delivers state-of-the-art gas processing solutions to support customer expansion, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit www.Linde.com


Contacts:
 
Investor Relations
Juan Pelaez
Phone: +1 203 837 2213
Email: juan.pelaez@linde.com
Media Relations
Anna Davies
Phone: +44 1483 244705
Email: anna.davies@linde.com

SOURCE: Linde plc



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