Successful Acquisition of OCI's Methanol Business
Closed acquisition of OCI's methanol business, adding strategic assets in Beaumont, Texas. Integration is proceeding as planned, enhancing production portfolio with stable natural gas supply.
Increased Global Methanol Demand
Estimated global methanol demand rose by approximately 4% in the second quarter compared to the first quarter, driven by higher demand in China.
Strong Operational Performance at Geismar
Geismar production was higher in Q2, with successful restart of G3 in early May. G3 operated at over 90% capacity after addressing previous challenges.
Improved Production Capacity in Chile
Chile plants operated at full capacity for September 2024 through April 2025, achieving the highest production rate since 2007.