Methanex (TSE:MX) has released an update.
Methanex Corporation reported a net income of $31 million for the third quarter of 2024, with an adjusted EBITDA of $216 million. The company has signed a definitive agreement to acquire OCI Global’s methanol business for $2.05 billion, expanding its production capabilities. Additionally, Methanex managed to optimize operations in various locations, including Geismar and Chile, despite facing challenges in New Zealand.
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