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
UNDER THE SECURITIES EXCHANGE ACT OF 1934
FOR THE MONTH OF
DECEMBER 2007
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.
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b): 82 .
NEWS RELEASE
Methanex Corporation
1800 – 200 Burrard St.
Vancouver, BC Canada V6C 3M1
Toll-Free: 1-800-661-8851
http://www.methanex.com
For immediate release
December 11, 2007
METHANEX PROGRESSES DME PROJECT IN EGYPT
Within weeks of the start-up of its joint venture dimethyl ether (DME) plant in China, Methanex has
executed a Memorandum of Understanding for the development of a similar plant in Egypt. This new
plant will have a capacity of 200,000 tonnes of DME per year and will consume approximately 300,000
tonnes per year of methanol.
The Egyptian DME joint venture will include Methanex and XinAo Group (Methanex’s DME joint venture
partner in China) as minority participants, with the government owned Egyptian Petrochemicals
Holding Company (Echem) holding the majority interest. Echem is also a 12% participant in the
EMethanex methanol joint venture currently under construction in Egypt.
Bruce Aitken, President and CEO of Methanex, commented, “The development of this DME project in
Egypt demonstrates further progress towards two of our key strategic objectives. First, it expands
Methanex’s relationship with Echem, underlining our commitment to support host country objectives,
such as energy supply. And second, it reinforces our conviction that methanol has an exciting
growth opportunity in the energy sector, which we are pursuing.”
Mr. Aitken added, “Egypt is a significant importer of LPG, and the DME produced will be blended
into the domestic LPG supply for use in homes, thus decreasing the country’s reliance on LPG
imports.”
Michael Macdonald, Methanex’s Senior Vice President, Corporate Development, who is also responsible
for the Company’s activities in Egypt, remarked, “The DME project will be located adjacent to
Methanex’s joint venture methanol plant currently under construction at Damietta, on Egypt’s
Mediterranean Coast. This plant is expected to employ the same design and technology deployed in
China and provided by XinAo Group, a leading energy provider in China.”
Mr. Macdonald continued, “We are very pleased that XinAo, our joint venture partner in China, will
join us in this DME project in Egypt. XinAo’s technology and experience in the DME industry in
China will facilitate the successful implementation of this project.”
DME is a methanol derivative with properties similar to liquefied petroleum gas (LPG). It can be
blended with LPG up to approximately 20 percent weight without any need to change delivery
infrastructure or the applications where it is burned, such as home heating and cooking. While the
market for DME blending into LPG for domestic purposes is already large, applications are being
developed for DME as a replacement for diesel fuel in the transport sector, notably in Japan, where
demonstration projects are already underway.
Methanex is a Vancouver based, publicly traded company engaged in the worldwide production,
distribution and marketing of methanol. Methanex shares are listed for trading on the Toronto Stock
Exchange in Canada under the trading symbol “MX”, on the NASDAQ Global Market in the United States
under the trading symbol “MEOH”, and on the foreign securities market of the Santiago Stock
Exchange in Chile under the trading symbol “Methanex”. Methanex can be visited online at
www.methanex.com.
Information in this press release contains forward-looking statements. Certain material factors
or assumptions were applied in drawing the conclusions or making the forecasts or projections that
are included in these forward-looking statements. Methanex believes that it has a reasonable basis
for making such forward-looking statements. However, forward-looking statements, by their nature,
involve risks and uncertainties that could cause actual results to differ materially from those
contemplated by the forward-looking statements. The risks and uncertainties include those attendant
with producing and marketing methanol and successfully carrying out major capital expenditure
projects in various jurisdictions, the ability to successfully carry out corporate initiatives and
strategies, conditions in the methanol and other industries including the supply and demand balance
for methanol, actions of competitors and suppliers, actions of governments and governmental
authorities, changes in laws or regulations in foreign jurisdictions, world-wide economic
conditions and other risks described in our 2006 Management’s Discussion & Analysis. Undue reliance
should not be placed on forward-looking statements. They are not a substitute for the exercise of
one’s own due diligence and judgment. The outcomes anticipated in forward-looking statements may
not occur and we do not undertake to update forward-looking statements.
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Inquiries:
Jason Chesko
Director, Investor Relations
Methanex Corporation
604-661-2600