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Methanex Corp

Common Name
Methanex
Country
Canada
Sector
Basic Materials
Industry
Chemicals
Employees
1,415
Ticker
MX
Exchange
TORONTO STOCK EXCHANGE
Description
Methanex Corporation is a prominent player in the basic materials sector, specializing in the production and marketing of methanol. Methanol is a vital industrial chemical used as a building block for...

Methanex's GHG Emissions Data Preview

In 2024, Methanex completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).

However, Methanex has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)202420232022
2021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Limited Data Preview
You are viewing a limited preview of Methanex’s GHG emissions dataset. The full dataset, available for download, includes Scope 1, 2, and 3 emissions with detailed category-level breakdowns, historical coverage back to 2019, and revenue-based intensity metrics for each scope.
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Verified Sources Behind Methanex’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Methanex’s data sources below and access millions more through our Disclosure Search.

a. Methanex's Sustainability Report 2024

Insights into Methanex's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Methanex amounted to 4,072,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Methanex decreased by 2.96%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a

Methanex's Scope 1 Emissions Over Time

20192020202120222023202401.5 M3 M4.5 M6 MtCO2e-14%-3%-2%+1%-4%
  • Total Scope 1
  • Year-over-Year Change

What are Methanex's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Methanex were 3,863,000 metric tons of CO₂ equivalent (tCO₂e).a

Has Methanex reduced its Scope 1 emissions over time?

Since 2019, Methanex's Scope 1 emissions have decreased by 20.82%, reflecting a declining long-term trend in Scope 1 emissions over time.a

Compared to the previous year (2023), Methanex's Scope 1 emissions decreased by 4.33%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a

What are Methanex's Scope 2 emissions?

In 2024, Methanex reported Scope 2 greenhouse gas (GHG) emissions of 204,000 tCO₂e using the market-based method and 209,000 tCO₂e using the location-based method.a

Has Methanex reduced its Scope 2 emissions over time?

Since 2019, Methanex's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have increased by 29.01%, reflecting a rising long-term trend in Scope 2 emissions over time.a

Compared to the previous year (2023), Methanex's Scope 2 emissions (Location-Based) rose by 32.28% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energya

What methodology does Methanex use for Scope 2 reporting?

In 2024, Methanex reported its Scope 2 emissions using the market-based method and using the location-based method.a

Methanex's Scope 2 Emissions Over Time

201920202021202220232024055 k110 k165 k220 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based

Insights into Methanex’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Methanex reported Scope 1 greenhouse gas (GHG) emissions of 3,863,000 tCO₂e and total revenues of USD 3,720 millions. This translates into an emissions intensity of 1,038.49 tCO₂e per millions USD.a

Methanex's Scope 1 Emissions Intensity Compared to Peers

5,00050,000500,0005,000,00050,000,000Scope 1 Emissions (tCO2e)202001,00010,000100,000Revenues (Millions of USD)FIPan American SilverYear: 2024Scope 1: 294,022 tCO2eRevenue: $M 3,887Scope 1 Intensity: 75.64 tCO2e/$MAlamos GoldYear: 2024Scope 1: 158,159 tCO2eRevenue: $M 1,347Scope 1 Intensity: 117.42 tCO2e/$MMercer InternationalYear: 2024Scope 1: 454,602 tCO2eRevenue: $M 2,043Scope 1 Intensity: 222.48 tCO2e/$MB2GoldYear: 2024Scope 1: 662,000 tCO2eRevenue: $M 2,623Scope 1 Intensity: 252.41 tCO2e/$MNew GoldYear: 2023Scope 1: 142,937 tCO2eRevenue: $M 786Scope 1 Intensity: 181.74 tCO2e/$MFirst Majestic SilverYear: 2024Scope 1: 38,980 tCO2eRevenue: $M 782Scope 1 Intensity: 49.84 tCO2e/$MEldorado GoldYear: 2024Scope 1: 110,424 tCO2eRevenue: $M 1,825Scope 1 Intensity: 60.50 tCO2e/$MEquinox GoldYear: 2024Scope 1: 301,539 tCO2eRevenue: $M 1,514Scope 1 Intensity: 199.15 tCO2e/$MFFFortuna MiningYear: 2024Scope 1: 119,698 tCO2eRevenue: $M 1,491Scope 1 Intensity: 80.31 tCO2e/$MIAMGOLDYear: 2024Scope 1: 483,348 tCO2eRevenue: $M 2,252Scope 1 Intensity: 214.65 tCO2e/$MKinross Gold Corp (Ontario)Year: 2024Scope 1: 1,078,439 tCO2eRevenue: $M 5,149Scope 1 Intensity: 209.45 tCO2e/$MBarrick MiningYear: 2024Scope 1: 6,127,000 tCO2eRevenue: $M 17,857Scope 1 Intensity: 343.12 tCO2e/$MHudbay MineralsYear: 2024Scope 1: 287,000 tCO2eRevenue: $M 2,793Scope 1 Intensity: 102.75 tCO2e/$MNutrienYear: 2024Scope 1: 9,450,000 tCO2eRevenue: $M 35,814Scope 1 Intensity: 263.87 tCO2e/$MCapstone CopperYear: 2024Scope 1: 423,376 tCO2eRevenue: $M 1,599Scope 1 Intensity: 264.74 tCO2e/$MOceanaGoldYear: 2024Scope 1: 184,278 tCO2eRevenue: $M 1,796Scope 1 Intensity: 102.62 tCO2e/$MIIInterforYear: 2024Scope 1: 123,272 tCO2eRevenue: $M 2,102Scope 1 Intensity: 58.65 tCO2e/$MWest Fraser TimberYear: 2024Scope 1: 649,448 tCO2eRevenue: $M 8,532Scope 1 Intensity: 76.12 tCO2e/$MIvanhoe MinesYear: 2024Scope 1: 294,889 tCO2eRevenue: $M 41Scope 1 Intensity: 7,224.48 tCO2e/$MLundin MiningYear: 2024Scope 1: 715,289 tCO2eRevenue: $M 4,720Scope 1 Intensity: 151.56 tCO2e/$MMethanexYear: 2024Scope 1: 3,863,000 tCO2eRevenue: $M 3,720Scope 1 Intensity: 1,038.49 tCO2e/$M

How does Methanex's GHG emissions intensity compare to its peers?

In 2024, Methanex reported a Scope 1 emissions intensity of 1,038.49 tCO₂e per millions USD. Compared to the peer group median of 166.65, this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors.a

Where does Methanex rank on GHG emissions intensity within its industry?

In 2024, Methanex ranked 20 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a

This places Methanex among the least efficient performers, with one of the highest emissions intensities in its sector.a

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