Integration of New Assets
Successfully integrated newly acquired Beaumont and Natgasoline plants, operating at high rates and producing a combined 482,000 tonnes of methanol and 92,000 tonnes of ammonia.
Increased Production
Methanex production in the third quarter was higher compared to the second quarter, with full contribution from new assets and increased production from Geismar, Medicine Hat, and New Zealand.
Positive Financial Position
Ended the third quarter with a strong cash position of $413 million on the balance sheet and repaid $125 million of the Term Loan A facility.
High Operating Rates and Utilization
Industry operating rates were high with the Atlantic at 80%, Pacific ex-China at 75%, and China at 70%.