Methanex and Carbon Recycling International Sign Landmark Investment Agreement for Advanced Renewable Fuel Production

Methanex and Carbon Recycling International Sign Landmark Investment Agreement 
for Advanced Renewable Fuel Production 
REYKJAVIK, ICELAND -- (Marketwired) -- 07/30/13 -- Methanex
Corporation (TSX:MX)(NASDAQ:MEOH) announced today an initial $5
million investment in Carbon Recycling International (CRI), a
privately held company with headquarters in Reykjavik, Iceland.
Methanex will also evaluate further investments to support CRI's
growth. CRI operates the world's first renewable methanol plant in
Iceland which utilizes its emissions-to- liquids (ETL) technology,
converting renewable energy and recycled CO2 emissions to renewable
methanol. As a result of this investment, Methanex will become one of
the key shareholders of CRI, with Board representation. 
CRI markets its renewable methanol in Europe, under the registered
brand name Vulcanol, where it is blended with gasoline and used for
production of biodiesel. Vulcanol is certified by the International
Sustainability and Carbon Certification system (ISCC) as an ultra-low
carbon advanced renewable transport fuel with no biogenic footprint.
Methanex and CRI intend to collaborate on large scale projects based
on CRI's ETL technology by leveraging Methanex's operational
experience and global reach and CRI's unique expertise in the
production of ultra-low carbon renewable methanol. The companies are
targeting to expand the use of methanol blended fuels in Europe. 
"As a leader of renewable methanol production, we are proud to be
investing in CRI and facilitate the next stage of growth," said John
Floren, President and CEO of Methanex. "The fastest growing markets
for methanol are in the energy sector and we believe renewable
methanol will play an important role in future applications. The CRI
team has demonstrated the ability to develop this technology, operate
a production plant and successfully market renewable methanol, which
further reinforces the value of this investment." 
"It's a great pleasure to have Methanex join our team of shareholders
and Board of Directors. Methanex's leadership position in operations,
sales and in growing the use of methanol within energy applications
is an asset," said KC Tran, Chief Executive of CRI. "Based on our
experience of building and operating the first emission-to-liquids
fuel plant in Iceland and the increasing world-wide demand for
ultra-low carbon automotive fuels, CRI is well positioned to grow
larger production plants based on our relationship with providers of
Icelandic hydro and geothermal energy. Methanex's investment is a
validation of our approach and will strengthen our ability to execute
our growth plan successfully." 
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" and on the NASDAQ Global
Market in the United States under the trading symbol "MEOH". For
further information, visit 
Carbon Recycling International (CRI) is a privately held Icelandic
limited liability company with headquarters in Reykjavik, Iceland and
production plant in Svartsengi, near Grindavik Iceland. CRI captures
carbon dioxide from industrial emissions and renewable energy into
ultra-low carbon liquid automobile fuel, renewable methanol, marketed
under the Vulcanol(R) brand. For further information, visit
Methanex Corporation
Marc Dupont
Director, Government and Public Affairs
604-661-2600 or Toll Free: 1 800 661-8851 
Methanex Corporation
Sandra Daycock
Director, Investor Relations
604-661-2600 or Toll Free: 1 800 661-8851 
Carbon Recycling International
Benedikt Stefansson
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