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
Earnings
- 11/6/24 - Beat
MEOH
Sec Filings
- 11/12/24 - Form SC
- 11/6/24 - Form 6-K
- 11/1/24 - Form SC
- MEOH's page on the SEC website