1. | NAME AND ADDRESS OF COMPANY Methanex Corporation (Methanex) 1800 Waterfront Centre 200 Burrard Street Vancouver, British Columbia V6C 3M1 |
2. | DATE OF MATERIAL CHANGE |
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September 8, 2010 |
3. | NEWS RELEASE |
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The press release announcing this material change was issued on September 8, 2010 in Canada and the United States. |
4. | SUMMARY OF MATERIAL CHANGE |
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Methanex Corporation announced on September 8, 2010 that it plans to restart its 470,000 tonne per year methanol plant in Medicine Hat, Alberta, Canada in April 2011. |
5. | FULL DESCRIPTION OF MATERIAL CHANGE |
5.1 | FULL DESCRIPTION OF MATERIAL CHANGE |
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Methanex Corporation announced on September 8, 2010 that it plans to restart its 470,000 tonne per year methanol plant in Medicine Hat, Alberta, Canada in April 2011. Methanex has commenced a program to purchase natural gas on the Alberta gas market. The plant consumes approximately 50,000 mmbtu of natural gas per day operating at capacity. The plant has been idle since 2001 and the estimated capital cost to restart the plant is approximately US $40 million. |
5.2 | DISCLOSURE FOR RESTRUCTURING TRANSACTIONS Not applicable. |
6. | RELIANCE ON SUBSECTION 7.1(2) OR (3) OF NATIONAL INSTRUMENT 51-102 |
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Not applicable. |
7. | OMITTED INFORMATION |
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Not applicable. |
8. | EXECUTIVE OFFICER FOR FURTHER INFORMATION CONTACT: For further information, contact: |
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Randy Milner Senior Vice President, General Counsel & Corporate Secretary (604) 661 2600 |
9. | DATE OF REPORT |
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September 13, 2010 |
Name: Randy Milner Title: Senior Vice President, General Counsel and Corporate Secretary |
METHANEX CORPORATION |
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Date: September 13, 2010 | By: | /s/ RANDY MILNER | ||
Name: | Randy Milner | |||
Title: | Senior Vice President, General Counsel & Corporate Secretary | |||