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Methanex Down After Saying Production at Louisiana Plant Hit by Unplanned Outage
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Methanex Down After Saying Production at Louisiana Plant Hit by Unplanned Outage
Mar 10, 2025 5:07 AM

07:47 AM EDT, 03/10/2025 (MT Newswires) -- Methanex ( MEOH ) fell 4% in pre-market U.S. trading after saying its 1.8 million tonne methanol G3 plant in Geismar, Louisiana was impacted by an unplanned outage in late February.

"Outage is expected to primarily impact the second quarter financial results due to lower produced methanol sales," the company said in a statement late on Sunday.

Methanex ( MEOH ) has decided to complete repairs to the autothermal reformer (ATR) and currently estimates a plant startup by early May. The company also plans to complete other planned maintenance work on G3 which was part of a previously budgeted three-week outage which is no longer expected to be required. MX added that the cost of repairs is not expected to be material.

U.S.-listed shares of the company were last seen down $1.75 at $40.50 in pre-market trading.

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