XML 55 R32.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Related parties | 12 Months Ended
--- | ---
Dec. 31, 2024
Related Party [Abstract] |
Related parties | Related parties: The Company has interests in significant subsidiaries and joint ventures as follows:
Name | Country of incorporation | Principal activities | Interest %
Dec 31 2024 | Dec 31 2023
Significant subsidiaries: |  |  |  |
Methanex Asia Pacific Limited | Hong Kong | Marketing & distribution | 100% | 100%
Methanex Services (Shanghai) Co., Ltd. | China | Marketing & distribution | 100% | 100%
Methanex Europe NV | Belgium | Marketing & distribution | 100% | 100%
Methanex Methanol Company, LLC | United States | Marketing & distribution | 100% | 100%
Egyptian Methanex Methanol Company S.A.E. ("Methanex Egypt") | Egypt | Production | 50% | 50%
Methanex Chile SpA | Chile | Production | 100% | 100%
Methanex New Zealand Limited | New Zealand | Production | 100% | 100%
Methanex Trinidad (Titan) Unlimited | Trinidad and Tobago | Production | 100% | 100%
Methanex USA LLC | United States | Production | 100% | 100%
Methanex Louisiana LLC | United States | Production | 100% | 100%
Methanex Geismar III LLC | United States | Production | 100% | 100%
Waterfront Shipping Limited 1 | Canada | Shipping | 60% | 60%
Significant joint ventures: |  |  |  |
Atlas Methanol Company Unlimited 2 | Trinidad and Tobago | Production | 63.1% | 63.1%
1 Waterfront Shipping Limited has a controlling interest in multiple ocean-going vessels owned through less than wholly-owned entities as disclosed in note 24. 2 Summarized financial information for the investment in Atlas is disclosed in note 6. Transactions between the Company and Atlas are considered related party transactions and are included within the summarized financial information in note 6. Atlas revenue for the year ended December 31, 2024 of $312 million (2023 - $466 million) is a related party transaction included in cost of sales of the Company as Methanex had marketing rights for 100% of the methanol produced by Atlas. Balances outstanding with Atlas as at December 31, 2024 and provided in the summarized financial information in note 6 include receivables owing from Atlas to the Company of nil (2023 - $74 million) and payables to Atlas of $7 million (2023 - $172 million). As at December 31, 2024, Atlas has repaid its total loans outstanding to the Company and the balance is now nil (2023 - $76 million). Remuneration to non-management directors and senior management, which includes the members of the executive leadership team, is as follows:
For the years ended December 31 | 2024 | 2023
Short-term employee benefits | $ | 9,575 |  | $ | 9,034 |
Post-employment benefits | 653 |  | 681 |
Other long-term employee benefits | 45 |  | 59 |
Share-based compensation expense 1 | 7,697 |  | 10,046 |
Total | $ | 17,970 |  | $ | 19,820 |
1 Balance includes realized and unrealized expenses and recoveries from share-based compensation awards granted.

X
- Definition The entire disclosure for related parties. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 24 -IssueDate 2024-01-01 -Section Disclosures -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=24&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS24_g13-24_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfRelatedPartyExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Related Party [Abstract] + References No definition available. + Details
Name: | mx_RelatedPartyAbstract
Namespace Prefix: | mx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration