Methanex is the world's largest producer and supplier of methanol, a commodity chemical derived primarily from natural gas. Methanex accounts for roughly 20% of internationally traded methanol volumes. Methanol is used across three broad categories: traditional chemical derivatives like formaldehyde and acetic acid (~50% of global demand), energy applications including gasoline additives and marine fuels (~30%+), and methanol-to-olefins (MTO) plants in China that convert methanol into plastics and packaging feedstocks (~20%). Methanex also produces ammonia at its Beaumont, Texas facility, though ammonia is a small portion of total sales. Methanex sells to large global petrochemical manufacturers and distributors, publishing regional reference prices that serve as the industry-standard basis for customer contracts. Profitability is driven by the spread between realized methanol prices and natural gas feedstock costs. Outside North America, gas contracts are linked to methanol prices, which preserves margins through price cycles. In North America, Methanex hedges a portion of near-term gas needs with fixed-price contracts. Methanex owns roughly 30 ocean vessels and in-market storage terminals globally, which management argues provides a logistics advantage and supply reliability that large industrial customers value. In June 2025, Methanex acquired OCI's international methanol business for ~$2.05B, adding methanol and ammonia capacity in Texas and expanding North America to roughly 65% of total production. Post-acquisition, Methanex is focused on debt repayment and maintaining its regular dividend, with no significant growth capital planned near-term.