This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Methanex Corporation is the world’s largest producer and supplier of methanol, a petrochemical primarily derived from natural gas. The company operates production facilities in the United States, Canada, Chile, New Zealand, and Trinidad, with a global marketing and distribution network. Methanol is a key feedstock in the production of formaldehyde, acetic acid, and a range of other chemicals, and is also blended into gasoline and used in biodiesel production.
The company’s business model is fundamentally tied to fossil fuel infrastructure and markets. Methanex’s primary feedstock is natural gas, and its production assets are integrated with gas supply networks. In 2025, the company reported an EBITDA of $808 million, underscoring the scale of its operations. While methanol can be produced from renewable sources, Methanex’s current production and revenue are overwhelmingly dependent on fossil-sourced natural gas, placing it firmly within the downstream petrochemical processing segment of the fossil fuel industry.
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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