Methanex to Indefinitely Idle Trinidad Titan Methanol Plant Amid Gas Supply Crunch
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The latest announcement is out from Methanex ( (TSE:MX) ).
On June 29, 2026, Methanex announced it will begin indefinitely idling its Titan methanol plant in Trinidad and Tobago after failing to secure a new natural gas contract ahead of the current agreement’s expiry in the third quarter of 2026. The 860,000‑tonne‑per‑year facility will be placed in a preserved state to maintain the option of a restart if gas market conditions materially improve.
The company noted that Titan, like the already‑idled Atlas joint‑venture plant in Trinidad and Tobago, is not currently contributing to Adjusted EBITDA or Adjusted Free Cash Flow, and it does not expect material cash costs from the shutdown. Methanex framed the move as a response to structurally tight gas supply and commercially unviable conditions in the country, emphasizing its focus on long‑term shareholder value and support for affected employees while it monitors future gas supply developments.
The most recent analyst rating on (TSE:MX) stock is a Buy
with a C$80.00 price target.
To see the full list of analyst forecasts on Methanex stock,
see the TSE:MX Stock Forecast page.
Spark’s Take on MX Stock
According to Spark, TipRanks’ AI Analyst, MX is a Neutral.
The score is driven primarily by mixed financial performance (strong cash generation but weak/volatile profitability and leverage risk) and strong technical trend/momentum. Earnings call guidance is supportive with expectations for materially stronger Q2 results and continued deleveraging, while valuation is held back by the negative P/E and only modest dividend yield.
To see Spark’s full report on MX stock,
click here.
More about Methanex
Methanex Corporation is a Vancouver-based, publicly traded chemicals producer and the world’s largest global supplier of methanol. The company operates methanol plants in multiple jurisdictions and sells methanol for industrial and energy uses, with its shares listed on the Toronto Stock Exchange under MX and on the Nasdaq Stock Market under MEOH.
YTD Price Performance: 25.95%
Average Trading Volume: 291,732
Technical Sentiment Signal: Buy
Current Market Cap: C$5.27B
See more data about MX stock on TipRanks’ Stock Analysis page.
