Latest news with #methanol
Yahoo
3 days ago
- Business
- Yahoo
Methanex Gets Green Light for OCI Global's Methanol Business Buyout
Methanex Corporation MEOH recently announced that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has expired. As a result, all regulatory clearances required for Methanex to complete its previously announced acquisition of OCI Global's international methanol business have been secured. The transaction is expected to close on June 27, 2025, pending the satisfaction of customary closing the deal terms, MEOH will purchase 100% of the equity interests in OCI Methanol, comprising 100% of OCI's U.S. and European methanol assets. Given its comprehensive integration strategy, Methanex anticipates moving fast following the deal closing to realize the strategic benefits of this of Methanex have lost 25.1% in the past year compared with a 25.2% decline of the industry. Image Source: Zacks Investment Research The company expects its 2025 production to be lower than its previously estimated 7.5 million tons (Methanex interest) because of an unplanned G3 outage. Second-quarter 2025 results will include an update for production guidance for 2025. Quarterly production may vary depending on gas availability, turnarounds, unscheduled outages and unanticipated company expects lower adjusted EBITDA in the second quarter than in the first quarter, owing to fewer produced sales caused principally by the G3 outage and a lower average realized price. Based on its April and May stated prices, the company expects the average realized price to be between $360 and $370 per ton for these two months. Methanex Corporation price-consensus-chart | Methanex Corporation Quote MEOH currently carries a Zacks Rank #3 (Hold).Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Centrus Energy Corp. LEU and Avino Silver & Gold Mines Ltd. Technology currently carries a Zacks Rank #1 (Strong Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 11.1%. The company's shares have soared 139.2% in the past year. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for Centrus Energy's current-year earnings is pegged at 71 cents. LEU, carrying a Zacks Rank #1, surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing once, with the average earnings surprise being 272.7%. The company's shares have rallied 315.1% in the past Silver, which currently carries a Zacks Rank #1, beat the consensus estimate in each of the trailing four quarters. In this time frame, it delivered an earnings surprise of roughly 104.1%, on average. ASM's shares have rallied 310.6% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Methanex Corporation (MEOH) : Free Stock Analysis Report Avino Silver (ASM) : Free Stock Analysis Report Centrus Energy Corp. (LEU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Globe and Mail
12-06-2025
- Business
- Globe and Mail
Methanex Corporation Receives Regulatory Approval for the Acquisition of OCI Global's Methanol Business
VANCOUVER, British Columbia, June 12, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed. Accordingly, all regulatory approvals required for Methanex to close its previously announced acquisition of OCI Global's international methanol business have been obtained. The transaction is expected to close on June 27, 2025, and remains subject to the satisfaction of customary closing conditions. "We are pleased to have received regulatory clearance and look forward to closing the transaction and welcoming new team members to Methanex." said Rich Sumner, President and CEO of Methanex. "Given our extensive integration planning, we expect to move quickly upon closing to deliver the strategic benefits of this acquisition." Methanex is a Vancouver-based, publicly traded company and is the world's largest producer and supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol 'MX' and on the Nasdaq Stock Market in the United States under the trading symbol 'MEOH'. Methanex can be visited online at Inquiries Sarah Herriott Director, Investor Relations Methanex Corporation 604-661-2600 or Toll Free: 1-800-661-8851 Forward Looking Statements This First Quarter 2025 Management's Discussion and Analysis ("MD&A") as well as comments made during the First Quarter 2025 investor conference call contain forward-looking statements with respect to us and our industry. These statements relate to future events or our future performance. All statements other than statements of historical fact are forward-looking statements. Statements that include the word "expects," 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: anticipated closing date of the OCI acquisition and the expected benefits of the OCI acquisition, including benefits related to expected synergies and commodity diversification, anticipated synergies and Methanex's ability to achieve such synergies following closing of the OCI acquisition, and expected increase in methanol production of assets to be acquired as part of the OCI acquisition. 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: future expectations and assumptions concerning the receipt of all regulatory approvals required to complete the OCI acquisition, and Methanex's ability to realize the expected strategic, financial and other benefits of the OCI acquisition in the timeframe anticipated or at all. 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: failure to complete the OCI acquisition in accordance with the material terms of the OCI acquisition agreement or at all, failure to close the OCI acquisition credit facility, unforeseen difficulties in integrating the business operations or assets purchased pursuant to the OCI acquisition into our business and operations, failure to realize the expected strategic, financial and other benefits of the OCI acquisition in the timeframe anticipated or at all, and unexpected costs or liabilities associated with the OCI acquisition. 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 implied by forward-looking statements may not occur and we do not undertake to update forward-looking statements except as required by applicable securities laws.
BBC News
12-06-2025
- BBC News
Laos hostel linked to methanol deaths set to reopen
A backpackers' hostel linked to the deaths of six tourists is set to reopen under a new Clarke and her friend Simone White, who later died, fell ill after drinking free vodka shots in the town of Vang Vieng last suspected their drinks at the Nana Backpacker Hostel were laced with methanol - a deadly substance linked to bootleg Newsbeat has found evidence the hostel is due to reopen at the same address in August. Bethany believes the same management is still in charge. Bethany says she and Simone, from London, became unwell a day after being offered drinks at the Nana initially mistook symptoms for food poisoning but were eventually taken to recovered but Simone, 28, died several days later, as did five other tourists from Australia, Denmark and the US. 'Unbelievable' The owners of the Nana hostel denied serving illicit alcohol but it has remained closed since the a listing for Vang Vieng Central Backpacker Hostel - taking bookings from 23 August this year - has appeared on travel websites Tripadvisor and Agoda.A link that previously took users to the Nana hostel's page redirects them to the amended showing the Nana Backpacker Hostel name painted on a sign and printed on menus remain on the page, as well as guest reviews naming the former confirmed to Newsbeat the hostel was reopening with a new concerned that the new business is being run by the same people it was before."I'm shocked. If it's the same management or ownership involved, I wouldn't trust them."It's just unbelievable because we know that was where we were poisoned."A Tripadvisor spokesperson said old photos and reviews could be deleted if it was informed of a change in ownership, although it's not a requirement. There is further evidence to suggest the Vang Vieng hostel and the Nana hostel are linked. Building work is currently being carried out at the address, according to travellers staying in the Frankie, who shared photos of the site with Newsbeat, says there was "building equipment everywhere" when she walked past on Tuesday."They're clearly refurbishing it," she says. In one photo, showing a sign reading Vang Vieng Central Backpacker Hostel, a phone number is same number appears in messages, seen by Newsbeat, sent between Bethany and staff at the Nana hostel. When a reporter called the number, the person who answered hung calls and messages, including those from BBC colleagues based in the region, were blocked. Frankie, 23, says it's "horrendous" to think the business could "carry on like normal". "[Vang Vieng] is kind of empty in terms of backpackers. People are drinking, but it feels a bit eerie and quiet."Frankie says people she's met on her travels are well aware of the methanol poisonings last year. "A lot of the backpackers we've met have mentioned the name of Nana hostel. There's definitely an awareness about it,' she adds the name change makes her "very uneasy" and she'll tell her friends about it when they travel to the country. Bethany, who previously called for more education on the dangers of drinking abroad, says she wants to warn others."I was not completely convinced we would end up getting justice for Simone and the other victims, so I thought the best thing I can do is to try and educate the younger generation."And while she waits to find out whether anyone will face action over Simone's death, what little hope she had for answers is starting to fade. In November, authorities in Laos promised an investigation into the deaths of Simone and Australians Holly Bowles and Bianca Jones, both 19, Anne-Sofie Orkild Coyman, 20, Freja Vennervald Sorensen, 21, both from Denmark, and US national James Louis Hutson, workers, including the manager of the Nana hostel, were detained for questioning by police. The manager denied any responsibility, saying hundreds of guests had been given shots without becoming shared a recent email sent by the UK Foreign Office stating that authorities in Laos had proposed charges against 13 people over food safety has seen an email from the Australian government with the same update and has approached its foreign office for comment. A Foreign Office spokesperson declined to comment on the email but confirmed the UK government was in contact with authorities in Laos and supporting the family of a British woman who died in the country. Newsbeat has contacted Agoda for comment. Listen to Newsbeat live at 12:45 and 17:45 weekdays - or listen back here.
LBCI
11-06-2025
- LBCI
Three killed in methanol reservoir fire in Iran's Bushehr port, state media reports
At least three people have died and ten people were injured when a methanol reservoir caught fire in the southern port of Bushehr, state media IRNA reported on Wednesday. Reuters
The Guardian
11-06-2025
- Health
- The Guardian
Scientists develop methanol breathalyser that could prevent thousands of poisonings each year
Australian researchers have developed a prototype methanol 'breathalyser' capable of detecting small concentrations of the toxic substance in alcoholic drinks or on someone's breath. Methanol poisoning is a problem that affects thousands of people every year, killing 20-40% of victims, according to Doctors Without Borders. In November, Australian backpackers Holly Bowles and Bianca Jones, along with British lawyer Simone White, were among six tourists to die in a suspected mass methanol poisoning in Laos. Methanol, an industrial alcohol, looks and smells similar to the regular alcohol found in beer, wine and spirits. But when found in alcoholic drinks – usually as a result of bootleg alcohol production – methanol can be deadly. Consuming even small amounts can lead to blindness, convulsions and death. Yet current methods for detecting the presence of methanol remain complex and expensive, and unsuitable for travellers. University of Adelaide researchers have developed a wireless methanol sensor – roughly a centimetre squared – capable of reliably detecting methanol at concentrations as low as 50 parts per billion (below the level of poisoning) in vapour from alcoholic drinks or on someone's breath. 'Our sensor will show that you can detect very low concentrations of methanol in a very simple way,' said co-author Prof Dusan Losic, from the University of Adelaide's school of chemical engineering, who researches the use of nanotechnologies to address global problems in health, energy and the environment. The approach, described in the American Chemical Society journal Sensors, combined graphene – a highly sensitive and conductive substance – with a porous material called a metal organic framework, which detected methanol based on its size. These were 3D printed like ink on to ceramic to create the sensor. The device is currently a prototype and not yet commercialised, Losic said, however the materials involved are low cost and the process is 'scalable'. 'There is a pressing need for affordable, portable devices capable of quickly identifying methanol presence in breath samples and alcoholic products, suitable for use by healthcare providers or the public,' the researchers write in the article. Current methods for detecting methanol are not readily available in regions where most poisoning incidents are reported. One common approach, called gas chromatography-mass spectrometry, relied on specialised equipment and expertise, said Prof Ian Rae, from the University of Melbourne's school of chemistry who was not involved in the research. This relied on vaporising and sorting molecules based on their size and chemical properties. The sensor offered another approach to separating the two types of alcohol, with the metal organic frameworks acting like a 'molecular trap' designed to catch methanol, he said. Methanol poisoning was a major problem for local populations in places such as the Mediterranean and south-east Asia, as well as travellers to those places, said Dr Ian Musgrave, a pharmacologist and toxicologist at the University of Adelaide who was not involved in the research. 'The issue is that a lot of the methods for detecting methanol are not really available in these places, when the gold standard is using gas chromatography.' There were chemical methods available too, Musgrave said, and these were often used by home brewers. 'But, if you're drinking in a bar in Laos, you don't want to pull out a jar of sulfuric acid in order to determine if your drink has methanol in it,' he said. A simple, rapid, portable device that could distinguish methanol from regular alcohol (ethanol) and other contaminants, would greatly assist in avoiding and treating poisonings, he said.
