Methanex Announces Upcoming Temporary Shutdown of Its

Methanex Announces Upcoming Temporary Shutdown of Its Operations in
Chile 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/10/13 -- Methanex
Corporation (TSX:MX)(NASDAQ:MEOH)(SANTIAGO:Methanex) announced today
it expects to idle its Chile operation in March 2013 due to
anticipated insufficient natural gas supply. Methanex is currently
operating one plant in Chile at low operating rates. In 2013, planned
output from this plant represents less than 5% of Methanex's total
production. 
John Floren, President and CEO, Methanex Corporation, commented, "Due
to continued natural gas supply challenges, we do not expect to have
sufficient feedstock to keep our Chile plant operating through the
southern hemisphere winter. Our current expectation is that
resumption of our plant operation would be possible later in the
year." 
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 "expects,"
"anticipated," "would be possible" 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 restart of idled capacity and timing for start-up of the same; 
--  expected length of shutdowns of our facilities; 
--  expected levels, timing and availability of economically priced natural
    gas supply to our Chilean plants; 
--  anticipated production rates of our plants; 
--  expected operating costs, including natural gas feedstock costs; and 
--  expected actions of governments, government agencies, gas suppliers or
    other third parties.

 
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 perception 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: 


 
--  the success of our natural gas exploration in Chile and our ability to
    procure economically priced natural gas in Chile; 
--  production rates of our facilities; 
--  operating costs including natural gas feedstock costs; and 
--  enforcement of contractual arrangements and ability to perform
    contractual obligations by customers, natural gas and other suppliers
    and other third parties.

 
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: 


 
--  the success of natural gas exploration and development activities in
    southern Chile and our ability to obtain any additional gas in Chile on
    commercially acceptable terms; 
--  the ability to successfully carry out corporate initiatives and
    strategies; 
--  competing demand for natural gas, especially with respect to domestic
    needs for gas and electricity in Chile; and 
--  actions of governments and governmental authorities.

 
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:
Investor Inquiries:
Jason Chesko
Director, Investor Relations
Methanex Corporation
604 661 2600 or Toll Free: 1 800 661 8851
www.methanex.com 
Media Inquiries:
Marc Dupont
Director, Government and Public Affairs
Methanex Corporation
604 661 2600 or Toll Free: 1 800 661 8851
www.methanex.com
 
 
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