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Property, plant and equipment | 12 Months Ended
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Dec. 31, 2023
Property, plant and equipment [abstract] |
Property, plant and equipment | Property, plant and equipment:
| Owned Assets (a) | Right-of-use assets (b) | Total
Net book value at December 31, 2023 | $ | 3,654,475 |  | $ | 757,293 |  | $ | 4,411,768 |
Net book value at December 31, 2022 | $ | 3,398,805 |  | $ | 756,478 |  | $ | 4,155,283 |
a) Owned assets:
| Buildings, plant installations and machinery | Plants Under Construction 1 | Ocean vessels | Other |  | TOTAL
Cost at January 1, 2023 | $ | 5,000,999 |  | $ | 1,001,888 |  | $ | 240,867 |  | $ | 140,081 |  |  | $ | 6,383,835 |
Additions | 174,058 |  | 353,609 |  | 253 |  | 4,153 |  |  | 532,073 |
Disposals and other | (294,850) |  | — |  | (397) |  | (15,571) |  |  | (310,818) |
Cost at December 31, 2023 | 4,880,207 |  | 1,355,497 |  | 240,723 |  | 128,663 |  |  | 6,605,090 |
Accumulated depreciation at January 1, 2023 | 2,827,870 |  | — |  | 49,310 |  | 107,850 |  |  | 2,985,030 |
Depreciation | 248,783 |  | — |  | 12,080 |  | 2,153 |  |  | 263,016 |
Disposals and other | (281,951) |  | — |  | — |  | (15,480) |  |  | (297,431) |
Accumulated depreciation at December 31, 2023 | 2,794,702 |  | — |  | 61,390 |  | 94,523 |  |  | 2,950,615 |
Net book value at December 31, 2023 | $ | 2,085,505 |  | $ | 1,355,497 |  | $ | 179,333 |  | $ | 34,140 |  |  | $ | 3,654,475 |
1 The Company is constructing a 1.8 million tonne methanol plant in Geismar, Louisiana adjacent to its Geismar 1 and Geismar 2 facilities. Included in cost of Plants Under Construction are $150 million (2022: $94 million) of capitalized interest and finance charges.
| Buildings, plant installations and machinery | Plants under construction | Ocean vessels | Other |  | TOTAL
Cost at January 1, 2022 | $ | 4,908,492 |  | $ | 561,860 |  | $ | 240,525 |  | $ | 138,378 |  |  | $ | 5,849,255 |
Additions | 140,326 |  | 440,028 |  | 342 |  | 1,703 |  |  | 582,399 |
Disposals and other | (47,819) |  | — |  | — |  | — |  |  | (47,819) |
Cost at December 31, 2022 | 5,000,999 |  | 1,001,888 |  | 240,867 |  | 140,081 |  |  | 6,383,835 |
Accumulated depreciation at January 1, 2022 | 2,631,268 |  | — |  | 37,271 |  | 105,518 |  |  | 2,774,057 |
Depreciation | 248,032 |  | — |  | 12,039 |  | 2,332 |  |  | 262,403 |
Disposals and other | (51,430) |  | — |  | — |  | — |  |  | (51,430) |
Accumulated depreciation at December 31, 2022 | 2,827,870 |  | — |  | 49,310 |  | 107,850 |  |  | 2,985,030 |
Net book value at December 31, 2022 | $ | 2,173,129 |  | $ | 1,001,888 |  | $ | 191,557 |  | $ | 32,231 |  |  | $ | 3,398,805 |
b) Right-of-use (leased) assets:
| Ocean vessels | Terminals and tanks | Other |  | TOTAL
Cost at January 1, 2023 | $ | 846,977 |  | $ | 286,036 |  | $ | 68,701 |  |  | $ | 1,201,714 |
Additions | 83,333 |  | 52,909 |  | 5,951 |  |  | 142,193 |
Disposals and other | (19,589) |  | (6,504) |  | (16,031) |  |  | (42,124) |
Cost at December 31, 2023 | 910,721 |  | 332,441 |  | 58,621 |  |  | 1,301,783 |
Accumulated depreciation at January 1, 2023 | 245,873 |  | 160,163 |  | 39,200 |  |  | 445,236 |
Depreciation | 88,040 |  | 36,140 |  | 6,583 |  |  | 130,763 |
Disposals and other | (19,589) |  | — |  | (11,920) |  |  | (31,509) |
Accumulated depreciation at December 31, 2023 | 314,324 |  | 196,303 |  | 33,863 |  |  | 544,490 |
Net book value at December 31, 2023 | $ | 596,397 |  | $ | 136,138 |  | $ | 24,758 |  |  | $ | 757,293 |
| Ocean vessels | Terminals and tanks | Other |  | TOTAL
Cost at January 1, 2022 | $ | 657,774 |  | $ | 258,743 |  | $ | 64,700 |  |  | $ | 981,217 |
Additions | 232,536 |  | 27,293 |  | 4,001 |  |  | 263,830 |
Disposals and other | (43,333) |  | — |  | — |  |  | (43,333) |
Cost at December 31, 2022 | 846,977 |  | 286,036 |  | 68,701 |  |  | 1,201,714 |
Accumulated depreciation at January 1, 2022 | 214,004 |  | 125,494 |  | 30,768 |  |  | 370,266 |
Depreciation | 75,586 |  | 34,669 |  | 8,432 |  |  | 118,687 |
Disposals and other | (43,717) |  | — |  | — |  |  | (43,717) |
Accumulated depreciation at December 31, 2022 | 245,873 |  | 160,163 |  | 39,200 |  |  | 445,236 |
Net book value at December 31, 2022 | $ | 601,104 |  | $ | 125,873 |  | $ | 29,501 |  |  | $ | 756,478 |

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- Definition The entire disclosure for property, plant and equipment. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 16 -IssueDate 2023-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IAS16_g73-79_TI -URIDate 2023-03-23 + Details
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- References No definition available. + Details
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