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Methanex Corporation announced it has entered into an agreement to sell substantially all of its New Zealand natural…
MEOHMethanex Corp
Methanex Corporation announced it has entered into an agreement to sell substantially all of its New Zealand natural gas contractual entitlements starting in the first quarter of 2027 and continuing through the end of the decade. Due to declining domestic natural gas availability, the company determined that continued operations are not sustainable and will indefinitely idle its New Zealand production facilities during Q1 2027. Methanex does not expect to incur material cash costs from this decision and plans to safely operate the plant over the next several months before idling it for long-term optionality. The company operates in the chemical industry as the world’s largest supplier of methanol.