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Methanex Releases 2022 Sustainability Report

Retrieved on: 
Friday, March 10, 2023
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VANCOUVER, British Columbia, March 10, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and supplier of methanol, released its 2022 Sustainability Report today to share its progress on material environmental, social and governance (ESG) topics that are important to the company’s business and stakeholders.

Key Points: 
  • VANCOUVER, British Columbia, March 10, 2023 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (NASDAQ:MEOH), the world’s largest producer and supplier of methanol, released its 2022 Sustainability Report today to share its progress on material environmental, social and governance (ESG) topics that are important to the company’s business and stakeholders.
  • “Our sustainability culture continues to evolve beyond targets and initiatives to include the embedding of sustainability principles in our business strategy,” said Rich Sumner, President and CEO of Methanex.
  • “The 2022 report highlights our performance and initiatives across a wide range of ESG areas, including our safety performance and the actions we are taking to support the transition to a low-carbon economy.”
    Highlights from Methanex’s 2022 Sustainability Report include:
    Maintaining excellent safety performance on all major projects.
  • This year’s report also represents another important step forward to enhance Methanex’s ESG progress as the Company has aligned with the United Nations Sustainable Development Goals.

Nutrien Releases 2023 ESG Report, Updating Progress Towards Value-Driven Sustainability Initiatives

Retrieved on: 
Tuesday, March 7, 2023
Agriculture, Natural Resources, Social, Ammonia, Nitrogen, NYSE, Sustainability, Social Security Government Pension Offset, Nutrien, Indigenous peoples, Environment, Water, NTR, ESG, Risk management, TSX, Geismar, Investment, CAD, Future, Safety, Renewable energy

Nutrien Ltd. (TSX and NYSE: NTR) is pleased to release its 2023 Environment, Social and Governance (ESG) Report.

Key Points: 
  • Nutrien Ltd. (TSX and NYSE: NTR) is pleased to release its 2023 Environment, Social and Governance (ESG) Report.
  • This year’s report outlines Nutrien’s 2022 progress towards its 2030 sustainability commitments, short-term goals and targets performance, and continuing improvement in ESG governance and risk management.
  • Nutrien continues to drive sustainability in the field and in its own operations through direct grower, partner and industry relationships that create measurable, science-based, impacts.
  • Highlights from the 2023 ESG Report include:
    Measured and documented approximately 1 million acres in North America and Australia on crops harvested in 2022.

Methanex Reports Fourth Quarter 2022 Results

Retrieved on: 
Thursday, February 2, 2023
G3, Geismar, EDGAR, SEDAR, MD, Atlas, TSX, Reading, Sale, MX, Canadian Securities Administrators, Natural gas, Methanol, News, Video game, Renewable energy, Methanex, Adjustment

VANCOUVER, British Columbia, Feb. 02, 2023 (GLOBE NEWSWIRE) -- For the fourth quarter of 2022, Methanex (TSX:MX) (NASDAQ:MEOH) reported net income attributable to Methanex shareholders of $41 million ($0.59 net income per common share on a diluted basis) compared to net income of $69 million ($0.87 net income per common share on a diluted basis) in the third quarter of 2022. Net income was lower compared to the prior quarter primarily due to lower recognized proceeds from the redirection and sale of natural gas in Egypt, partially offset by the benefit of a decline in gas and logistics costs. Adjusted EBITDA for the fourth quarter of 2022 was $160 million and Adjusted net income was $51 million ($0.73 Adjusted net income per common share). This compares with Adjusted EBITDA of $192 million and Adjusted net income of $49 million ($0.69 Adjusted net income per common share) for the third quarter of 2022.

Key Points: 
  • Net income attributable to Methanex shareholders of $41 million and Adjusted EBITDA of $160 million in the fourth quarter.
  • The average realized price in the fourth quarter was $373 per tonne compared to $377 per tonne in the third quarter of 2022.
  • VANCOUVER, British Columbia, Feb. 02, 2023 (GLOBE NEWSWIRE) -- For the fourth quarter of 2022, Methanex (TSX:MX) (NASDAQ:MEOH) reported net income attributable to Methanex shareholders of $41 million ($0.59 net income per common share on a diluted basis) compared to net income of $69 million ($0.87 net income per common share on a diluted basis) in the third quarter of 2022.
  • The average realized price in the fourth quarter was $373 per tonne compared to $377 per tonne in the third quarter of 2022.

Methanex Announces Changes to Executive Leadership Team

Retrieved on: 
Tuesday, December 13, 2022
Carbon, Methanol, Methanex, ELT, Geismar, Corporate finance, Sustainability, Toronto Stock Exchange, MX, TSX, Corporation, General counsel, Senior, Corporate development, Management, Finance, G3

Kevin Maloney, currently Vice President, Corporate Development, has been appointed as Senior Vice President, Corporate Development as of January 1, 2023.

Key Points: 
  • Kevin Maloney, currently Vice President, Corporate Development, has been appointed as Senior Vice President, Corporate Development as of January 1, 2023.
  • Gustavo Parra, currently Vice President, Manufacturing Strategy and Planning, has been appointed as Senior Vice President, Manufacturing as of January 1, 2023.
  • “I am excited to announce these changes to the executive leadership team.
  • On behalf of everyone at Methanex, I want to thank Ian Cameron, Kevin Henderson, and Vanessa James for their significant contributions to the company.”
    Visit Leadership | Methanex Corporation for biographies for the new leadership team members.

Methanex Reports Third Quarter 2022 Results

Retrieved on: 
Wednesday, October 26, 2022
Nasdaq, Company, Medicine Hat, International Financial Reporting Standards, Toronto Stock Exchange, Canadian Securities Administrators, Geismar, Southern Hemisphere Association of Fresh Fruit Exporters, Administrator, U.S. Securities and Exchange Commission, National Gas Company of Trinidad and Tobago, Conversation, Analysis, GAAP, Methanol, SEDAR, Chemical industry, Methanex, LNG, G3, EDGAR, International, NGC, International Accounting Standards Committee, Review, Natural gas, MX, International Accounting Standards Board, Time, Investor relations, ID, Motunui, Plant, Oil, Renewable energy, Video game, Titan

VANCOUVER, British Columbia, Oct. 26, 2022 (GLOBE NEWSWIRE) -- For the third quarter of 2022, Methanex (TSX:MX) (NASDAQ:MEOH) reported net income attributable to Methanex shareholders of $69 million ($0.87 net income per common share on a diluted basis) compared to net income of $125 million ($1.41 net income per common share on a diluted basis) in the second quarter of 2022. Net income was lower compared to the prior quarter primarily due to a lower average realized price, lower sales of Methanex-produced methanol attributable to the planned turnarounds in Egypt and New Zealand and the mark-to-market impact of share-based compensation due to changes in Methanex's share price. This was partially offset by the redirection and sale of natural gas in Egypt. Adjusted EBITDA for the third quarter of 2022 was $192 million, and Adjusted net income was $49 million ($0.69 Adjusted net income per common share). This compares with Adjusted EBITDA of $243 million and Adjusted net income of $84 million ($1.16 Adjusted net income per common share) for the second quarter of 2022.

Key Points: 
  • Key production and operational highlights during the third quarter and production outlook for 2022 include:
    New Zealand produced 205,000 tonnes compared to 244,000 tonnes in the second quarter of 2022.
  • Chile produced 141,000 tonnes in the third quarter of 2022 compared to 197,000 tonnes in the second quarter of 2022.
  • Egypt produced 70,000 tonnes (Methanex interest - 35,000 tonnes) in the third quarter of 2022 compared to 300,000 tonnes (Methanex interest - 150,000 tonnes) in the second quarter of 2022.
  • Medicine Hat produced 130,000 tonnes in the third quarter of 2022 compared to 155,000 tonnes in the second quarter of 2022.

Methanex Reports Second Quarter 2022 Results

Retrieved on: 
Wednesday, July 27, 2022
Time, Investor relations, U.S. Securities and Exchange Commission, International Accounting Standards Board, International Financial Reporting Standards, Canadian Securities Administrators, Methanex, International Accounting Standards Committee, EDGAR, MX, GAAP, National Gas Company of Trinidad and Tobago, NGC, Administrator, Review, SEDAR, Company, Geismar, Methanol, Toronto Stock Exchange, Conversation, Medicine Hat, Natural gas, Analysis, International, Nasdaq, Chemical industry, Oil, Potash, Titan

VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) -- For the second quarter of 2022, Methanex (TSX:MX) (NASDAQ:MEOH) reported net income attributable to Methanex shareholders of $125 million ($1.41 net income per common share on a diluted basis) compared to net income of $119 million ($1.60 net income per common share on a diluted basis) in the first quarter of 2022. Net income was higher compared to the prior quarter primarily due to the change in the mark-to-market impact of share-based compensation due to changes in Methanex's share price. This was offset by the impact of lower sales of Methanex-produced methanol and higher gas and logistics costs. Adjusted EBITDA for the second quarter of 2022 was $243 million, and Adjusted net income was $84 million ($1.16 Adjusted net income per common share). This compares with Adjusted EBITDA of $337 million and Adjusted net income of $159 million ($2.16 Adjusted net income per common share) for the first quarter of 2022.

Key Points: 
  • Atlas produced 249,000 tonnes (Methanex interest) in the second quarter of 2022 compared to 258,000 tonnes in the first quarter of 2022.
  • Chile produced 197,000 tonnes in the second quarter of 2022 compared to 324,000 tonnes in the first quarter of 2022.
  • Egypt produced 300,000 tonnes (Methanex interest - 150,000 tonnes) in the second quarter of 2022 compared to 208,000 tonnes (Methanex interest - 104,000 tonnes) in the first quarter of 2022.
  • Production in Egypt was higher in the second quarter of 2022 compared to the first quarter of 2022 due to a planned 20 day outage in the first quarter.

Stockholders Approve Renewable Energy Group, Inc.’s Definitive Agreement to be Acquired by Chevron Corporation

Retrieved on: 
Tuesday, May 17, 2022
Alternative Energy, Energy, Environment, Oil, Gas, Chevron Corporation, Risk, Renewable Energy Group, CVX, Natural gas, Private Securities Litigation Reform Act, U.S. Securities and Exchange Commission, Tripura Merger Agreement, Biorefinery, Nature, Biofuel, Transport, Exchange, COVID-19, Failure, Rwanda Energy Group, Method, Securities Act of 1933, Securities Exchange Act of 1934, Carbon, Industry, Forward-looking statement, Lubricant, Energy Independence and Security Act of 2007, Security (finance), Petroleum, Chevron, Growth, NYSE, Geismar, Oil, Mergers and acquisitions

Renewable Energy Group, Inc. (REG) (Nasdaq: REGI), a leading bio-based diesel producer in North America, announced that its stockholders voted to adopt the previously announced definitive agreement (the Merger Agreement), in which REG will be acquired by Chevron Corporation (Chevron) (NYSE: CVX) (the Merger), one of the worlds leading energy companies.

Key Points: 
  • Renewable Energy Group, Inc. (REG) (Nasdaq: REGI), a leading bio-based diesel producer in North America, announced that its stockholders voted to adopt the previously announced definitive agreement (the Merger Agreement), in which REG will be acquired by Chevron Corporation (Chevron) (NYSE: CVX) (the Merger), one of the worlds leading energy companies.
  • We are pleased with the outcome of todays shareholder vote, which is a key step to closing the transaction.
  • The Merger is expected to close mid-year 2022, subject to customary closing conditions, including the receipt of regulatory approvals.
  • REG is leading the energy and transportation industries transition to sustainability by converting renewable resources into high-quality, sustainable fuels.

Renewable Energy Group Reports First Quarter 2022 Financial Results

Retrieved on: 
Wednesday, May 4, 2022
Alternative Energy, Energy, Oil, Gas, Carbon, COVID-19, U.S. Securities and Exchange Commission, Geismar, Private Securities Litigation Reform Act, GAAP, Adjustment, EBITDA, Failure, Risk management, Biorefinery, Company, Annual report, Chevron Corporation, Depreciation, Security (finance), Petroleum, Person, Proxy, Biofuel, Industry, Compliance, Form 10-K, Explosion, Lists of disasters, Income, Renewable Energy Group, Method, Chevron, REG, SEC, Transport, THE, Risk, Acquisition, Nature, Bookkeeping

Renewable Energy Group is leading the energy and transportation industries transition to sustainability by converting renewable resources into high-quality, sustainable fuels.

Key Points: 
  • Renewable Energy Group is leading the energy and transportation industries transition to sustainability by converting renewable resources into high-quality, sustainable fuels.
  • Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact.
  • Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 11 biorefineries in the U.S. and Europe.
  • Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.

Jury Awards Huntsman $94 Million in Case Against Praxair/Linde

Retrieved on: 
Monday, May 2, 2022
Geismar, V&E, Vinson & Elkins, Albemarle, COVID-19, Praxair, Company, NYSE, Time, General counsel, Lawyer, Court, R, MDI, Huntsman Corporation, Sherman, Professional, PU, Online gambling, Speciality chemicals, Huntsman

THE WOODLANDS, Texas, May 2, 2022 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today announced that a New Orleans jury awarded it $93,878,108 in the Company's long-running court battle against Praxair/Linde, one of the industrial gas suppliers to Huntsman's Geismar, Louisiana MDI manufacturing site. The case was filed after Praxair refused to properly maintain its own Geismar facility and then repeatedly failed to supply Huntsman's requirements for industrial gas needed to manufacture MDI under long-term supply contracts that expired in 2013. The 12-person jury returned their verdict this past Friday, April 29, and, after the Court applies the appropriate amount of interest, total damages awarded Huntsman will exceed $125 million.

Key Points: 
  • The 12-person jury returned their verdict this past Friday, April 29, and, after the Court applies the appropriate amount of interest, total damages awarded Huntsman will exceed $125 million.
  • Peter R. Huntsman, Chairman, President and Chief Executive Officer, commented on the case after the jury verdict was returned: "This lawsuit was filed in 2014 and justice was a very long time coming.
  • Mr. Huntsman continued: "After winning more than $600 million against Albemarle this past October, this jury verdict, which we are confident will be affirmed on appeal, makes the second substantial damages award Huntsman has secured in the past seven months.
  • Huntsman was represented in the case by Vinson & Elkins and the New Orleans-based trial firm of Chehardy, Sherman & Williams.

Methanex Reports Excellent First Quarter 2022 Results

Retrieved on: 
Wednesday, April 27, 2022
Administrator, Chemical industry, International, Canadian Securities Administrators, Trinidad and Tobago Securities and Exchange Commission, Weather, Time, NGC, Natural gas, International Accounting Standards Committee, MX, SEDAR, National Gas Company of Trinidad and Tobago, GAAP, EDGAR, Geismar, Company, Toronto Stock Exchange, Nasdaq, Methanol, International Financial Reporting Standards, Methanex, Analysis, Investor relations, International Accounting Standards Board, Review, Medicine Hat, Conversation, Oil, Lithium, Video game, Titan

VANCOUVER, British Columbia, April 27, 2022 (GLOBE NEWSWIRE) -- For the first quarter of 2022, Methanex (TSX:MX) (NASDAQ:MEOH) reported net income attributable to Methanex shareholders of $119 million ($1.60 net income per common share on a diluted basis) compared to net income of $201 million ($2.51 net income per common share on a diluted basis) in the fourth quarter of 2021. The decrease in net income is primarily due to the change in the mark-to-market impact of share-based compensation, and the effective tax rate which was lower in the fourth quarter of 2021 due to a reduced tax rate in Chile and the resolution of outstanding tax matters not recurring in the first quarter of 2022. Adjusted EBITDA for the first quarter of 2022 was $337 million, and Adjusted net income was $159 million ($2.16 Adjusted net income per common share). This compares with Adjusted EBITDA of $340 million and Adjusted net income of $185 million ($2.43 Adjusted net income per common share) for the fourth quarter of 2021.

Key Points: 
  • Geismar produced 556,000 tonnes in the first quarter of 2022 compared to 605,000 tonnes in the fourth quarter of 2021.
  • Atlas produced 258,000 tonnes (Methanex interest) in the first quarter of 2022 compared to 296,000 tonnes in the fourth quarter of 2021.
  • Chile produced 324,000 tonnes in the first quarter of 2022 compared to 334,000 tonnes in the fourth quarter of 2021.
  • Egypt produced 208,000 tonnes (Methanex interest - 104,000 tonnes) in the first quarter of 2022 compared to 288,000 tonnes (Methanex interest - 144,000 tonnes) in the fourth quarter of 2021.