0001628280-21-000429.txt : 20210113 0001628280-21-000429.hdr.sgml : 20210113 20210113154607 ACCESSION NUMBER: 0001628280-21-000429 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210107 FILED AS OF DATE: 20210113 DATE AS OF CHANGE: 20210113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: METHANEX CORP CENTRAL INDEX KEY: 0000886977 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-20115 FILM NUMBER: 21526066 BUSINESS ADDRESS: STREET 1: 1800 WATERFRONT CENTER STREET 2: 200 BURRARD STREET CITY: VANCOUVER BC CANADA STATE: A1 ZIP: 00000 BUSINESS PHONE: 6046847500 MAIL ADDRESS: STREET 1: 1800 WATERFRONT CENTER STREET 2: 200 BURRARD STREET CITY: VANCOUVER BC CANADA 6-K 1 materialchangereport_jan20.htm 6-K - MCR_JAN_2021 Document





UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF JANUARY 2021
COMMISSION FILE NUMBER 0-20115
METHANEX CORPORATION
(Registrant’s name)
SUITE 1800, 200 BURRARD STREET, VANCOUVER, BC V6C 3M1 CANADA
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F     o
Form 40-F     þ

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o





METHANEX CORPORATION

MATERIAL CHANGE REPORT

FORM 51-102F3


1.NAME AND ADDRESS OF COMPANY

Methanex Corporation
1800 Waterfront Centre
200 Burrard Street
Vancouver, British Columbia V6C 3M1

2.DATE OF MATERIAL CHANGE

January 7, 2021

3.NEWS RELEASE

The news release announcing the material change described herein was issued and disseminated on January 7, 2021 in Canada and the United States through the facilities of a newswire service.

4.    SUMMARY OF MATERIAL CHANGE

Methanex Corporation (the “Company”) announced on January 7, 2021 that it expects its Titan methanol facility in Trinidad (875,000 annual operating capacity) will remain idled indefinitely.

5.    FULL DESCRIPTION OF MATERIAL CHANGE

5.1    FULL DESCRIPTION OF MATERIAL CHANGE

Methanex Corporation announced that it expects its Titan methanol facility (“Titan”) in Trinidad (875,000 annual operating capacity) will remain idled indefinitely. As a result, the Company has made the decision to restructure its Trinidad operations to support a one-plant operation and reduce its Trinidad workforce by approximately 60 positions filled by employees and long-term contractors.

To date, the Company has not been successful reaching an agreement for an
economic longer-term natural gas agreement and given that the economic recovery path remains uncertain it believes it is prudent to reduce costs while continuing its efforts to secure longer-term gas supply. The Atlas methanol facility (Methanex interest 63.1%) is not affected by the change and continues to operate as it is underpinned by a separate natural gas supply agreement that expires in 2024.

5.2    DISCLOSURE FOR RESTRUCTURING TRANSACTIONS

Not applicable.

6.    RELIANCE ON SUBSECTION 7.1(2) OF NATIONAL INSTRUMENT 51-102

Not applicable.

7.    OMITTED INFORMATION



Not applicable.

8.    EXECUTIVE OFFICER

For further information, contact:

Kevin Price
General Counsel & Corporate Secretary
604-661-2658

9.    DATE OF REPORT

January 13, 2021




SIGNATURES
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
METHANEX CORPORATION
 
 
Date:  January 13, 2021By:/s/ KEVIN PRICE
Name:Kevin Price
Title:General Counsel & Corporate Secretary