Methanex Provides Update on Trinidad and Tobago Operations

Titan Plant Capacity

860,000 tonnes/year

Capacity of the Titan methanol plant in Trinidad and Tobago.

Methanex Stake in Atlas Plant

63.1%

Economic interest of Methanex in the Atlas methanol plant.

Next Financial Update

July 28, 2026

Scheduled date for Methanex's regular second quarter financial communications.

§ 01 Executive Snapshot

What: Methanex Corporation announced the indefinite idling of its Titan methanol plant in Trinidad and Tobago due to an inability to secure a new natural gas contract.
Who: Methanex Corporation, Government of Trinidad and Tobago, National Gas Company of Trinidad and Tobago.
Why it matters: This decision reflects the ongoing challenges in securing economically viable natural gas supplies, impacting Methanex's operations and shareholder value.

Titan methanol plant has a capacity of 860,000 tonnes per year and is being idled as the existing natural gas contract expires in Q3 2026.
Methanex will initiate a preservation process at the Titan plant to allow for a potential restart in the future.
The Atlas methanol plant, a joint venture where Methanex holds a 63.1% stake, remains indefinitely idled.

Methanex has a long-standing presence in Trinidad and Tobago, and the Titan plant has been key to its operations in the region.
The decision to idle the Titan plant underscores the structural challenges posed by tight gas supply and demand balances in the region, which have made operations commercially unviable.

The immediate consequence is the halt of production at the Titan plant, which will affect Methanex's operational capacity and potential revenue.
Long-term implications include the need for Methanex to reassess its operational strategy in Trinidad and Tobago as market conditions evolve.

Potential risks include ongoing regulatory challenges and the volatility of natural gas prices affecting future operations.
Competition for natural gas supply and the dependency on external suppliers pose significant operational risks for Methanex.

Methanex plans to monitor conditions closely and reassess its operations in Trinidad and Tobago over the coming years.
Updates on production and financial guidance are expected with the regular second quarter financial communications scheduled for July 28, 2026.

§ 07

What led to the idling of the Titan methanol plant?

The Titan methanol plant was idled due to Methanex's inability to secure a new natural gas contract.

Who is affected by the decision to idle the Titan plant?

The decision impacts Methanex's operations and shareholder value, as well as the local economy in Trinidad and Tobago.

How does the idling of the Titan plant affect Methanex's operations?

The halt of production at the Titan plant will reduce Methanex's operational capacity and potential revenue.

When is the existing natural gas contract for the Titan plant set to expire?

The existing natural gas contract for the Titan plant is set to expire in Q3 2026.