Methanex Reports Second Quarter 2020 Results
(World News Egypt)

Strong liquidity position with $783 million in cash on balance sheet and negotiated meaningful financial covenant relief Records net loss attributable to Methanex shareholders of $65 million and Adjusted EBITDA of $32 million Global methanol demand declined by 5% in the second quarter due to impacts from the COVID-19 pandemic and lower oil price environment Extensive preventative measures ongoing to protect the health and safety of our employees, contractors and communities where we do business Continue to deliver secure and reliable methanol supply to customers around the world amid challenging market conditions and well-positioned to capitalize on a global market recovery Except where...