Methanex Granted Air Permits for Louisiana Project

Methanex Granted Air Permits for Louisiana Project 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/13/12 -- Methanex
Corporation (TSX:MX)(NASDAQ:MEOH)(SANTIAGO:Methanex) announced today
that it has been granted the required air permits by the State of
Louisiana and the EPA to construct and operate its one million tonne
methanol project in Geismar, Louisiana. 
Bruce Aitken, President and CEO of Methanex commented, "This
represents a key milestone for the project. With the air permits now
in place, construction on the Geismar site can commence. Dismantling
activities in Chile have been progressing well and the project
remains on track to be producing methanol by the end of 2014. We
believe this project will create significant value for shareholders,
as it can be executed in significantly less time and with
substantially less capital than a similar greenfield methanol plant." 
Methanex is a Vancouver-based, publicly traded company and is the
world's largest supplier of methanol to major international markets.
Methanex shares are listed for trading on the Toronto Stock Exchange
in Canada under the trading symbol "MX"; on the NASDAQ Global Market
in the United States under the trading symbol "MEOH"; and on the
Foreign Securities Market of the Santiago Stock Exchange in Chile
under the trading symbol "Methanex". Methanex can be visited online
at www.methanex.com. 
FORWARD-LOOKING INFORMATION WARNING 
This press release contains forward-looking statements with respect
to us and our industry. Statements that include the words "on track",
"believes" or other comparable terminology and similar statements of
a future or forward-looking nature identify forward-looking
statements. 
More particularly and without limitation, any statements regarding
the following are forward-looking statements:  


 
--  expected date of first production, 
--  ability to obtain natural gas on commercially acceptable terms, 
--  expected capital cost, 
--  anticipated production rates, 
--  ability to successfully execute the project according to plan, 
--  expected cash flows, earnings capability and share price. 

 
We believe that we have a reasonable basis for making such
forward-looking statements. The forward-looking statements in this
document are based on our experience, our per
ception of trends,
current conditions and expected future developments as well as other
factors. Certain material factors or assumptions were applied in
drawing the conclusions or making the forecasts or projections that
are included in these forward-looking statements, including, without
limitation, future expectations and assumptions concerning the
following:  


 
--  our ability to procure economically priced natural gas in the United
    States, 
--  production rates of our relocated methanol plant, 
--  global and regional economic activity (including industrial production
    levels), 
--  timing of completion and cost of execution of the project. 

 
However, forward-looking statements, by their nature, involve risks
and uncertainties that could cause actual results to differ
materially from those contemplated by the forward-looking statements.
The risks and uncertainties primarily include those attendant with
producing and marketing methanol and successfully carrying out major
capital expenditure projects in various jurisdictions, including
without limitation:  


 
--  conditions in the methanol and other industries, including fluctuations
    in supply, demand and price for methanol and its derivatives, including
    demand for methanol for energy uses, 
--  the price of natural gas, oil and oil derivatives, 
--  our ability to enter into gas purchase arrangements on commercially
    acceptable terms, 
--  the ability to successfully carry out corporate initiatives and
    strategies, and 
--  other risks described in our 2011 Management's Discussion and Analysis.

 
Having in mind these and other factors, investors and other readers
are cautioned not to place undue reliance on forward-looking
statements. They are not a substitute for the exercise of one's own
due diligence and judgment. The outcomes anticipated in
forward-looking statements may not occur and we do not undertake to
update forward-looking statements except as required by applicable
securities laws.
Contacts:
Jason Chesko
Director, Investor Relations
Methanex Corporation
604 661 2600 or Toll Free: 1 800 661 8851
www.methanex.com