Mr. John Floren reports

METHANEX RELEASES 2021 SUSTAINABILITY REPORT

Methanex Corp. has released its 2021 sustainability report. The report captures a year of focused action on Methanex's identified material environmental, social and governance (ESG) areas.

"As a global leader in the methanol industry, we recognize that we have an opportunity and are well positioned to actively participate in the transition to a low-carbon economy," said John Floren, president and chief executive officer of Methanex. "In this year's report you will read how we have deepened our understanding of the opportunities, and the risks for methanol and our business as part of the energy transition."

Highlights from Methanex's 2021 sustainability report:

• Committed to reducing Scope 1 and Scope 2 greenhouse gas emission intensity from manufacturing by 10 per cent by 2030 from 2019 levels;
• Demonstrated the best safety performance to date with a 60-per-cent reduction in recordable injuries from 2020;
• Committed resources to pursue emissions reduction initiatives, including a feasibility study for carbon capture, utilization and storage in North America, and technology research studies of a new conventional methanol plant design that could significantly reduce CO2 emissions;
• Pursuing green methanol offtakes and have the ability to produce green methanol at the Geismar site using renewable natural gas to supply the market as it develops;
• Restarted construction on the 1.8-million-tonne G3 project, an industry-leading plant which will have one of the lowest CO2-emission-intensity profiles in the industry;
• Waterfront Shipping subsidiary completed the first-ever barge-to-ship methanol bunkering operation at the port of Rotterdam, demonstrating Methanex's continued leadership in advancing methanol as a cleaner-burning marine fuel.
• Established a global diversity and inclusion (D&I) council and a new senior role of director, D&I, to lead the development of Methanex's D&I strategy and the implementation of a three-year D&I road map.

This year's report represents another important step forward to enhance Methanex's ESG disclosure as the company aligns with elements of the Task Force on Climate-Related Financial Disclosures (TCFD), including board and management oversight of climate-related risks and management of these risks. The disclosures in the report also continue to be aligned with the Sustainability Accounting Standards Board (SASB) reporting standards for the chemical and marine transportation sectors, and some requirements of the Global Reporting Initiative (GRI).

About Methanex Corp.

Methanex is a Vancouver-based publicly traded company, and is the world's largest producer and supplier of methanol to major international markets. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol MX and on the Nasdaq Global Market in the United States under the trading symbol MEOH.