January 17, 2012

VANCOUVER, BRITISH COLUMBIA—(Marketwire - Jan. 17, 2012) - Methanex Corporation (TSX:MX)(NASDAQ:MEOH)(SANTIAGO:Methanex) announced today that it has secured land in Geismar, Louisiana, and is planning to move one of its idle methanol plants in Chile to this location. Site-specific engineering has begun and the plant is expected to be operational in the second half of 2014.

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