Methanex Announces Final Investment Decision for Advantaged Geismar 3 Project
Methanex Corporation (MEOH)
Last methanex corporation earnings: 1/29 05:01 pm
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US:NASDAQ Investor Relations:
methanex.com/investor-relations
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Source: GlobeNewswire
VANCOUVER, British Columbia, July 19, 2019 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that its Board of Directors reached a unanimous final investment decision to construct a 1.8 million tonne methanol plant in Geismar, Louisiana adjacent to its existing Geismar 1 and Geismar 2 facilities. Construction on the Geismar 3 plant will begin later this year and operations are targeted in the second half of 2022. The cost of the project is expected to be between US$1.3-$1.4 billion including costs of approximately US$60 million incurred to date. The Company has a robust and flexible financing plan for the Geismar 3 project. We have arranged committed financing for the project with a new five-year US$800 million construction facility and for the renewal of our existing US$300 million revolving credit facility, which replaces the Company’s existing revolving facility, to provide further liquidity. Both facilities have been arranged with a syndicate of ba
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MEOH
News
- Methanex Co. (NASDAQ: MEOH) had its price target raised by analysts at Royal Bank of Canada from $45.00 to $50.00. They now have a "sector perform" rating on the stock.MarketBeat
- Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of Directors [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Methanex Reports on Annual General Meeting of Shareholders and Welcomes Roger Perreault to Its Board of DirectorsGlobeNewswire
- Methanex Co. (NASDAQ: MEOH) had its price target raised by analysts at UBS Group AG from $59.00 to $62.00. They now have a "buy" rating on the stock.MarketBeat
MEOH
Earnings
- 4/24/24 - Beat
MEOH
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/24/24 - Form 6-K
- MEOH's page on the SEC website