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Methanex Corporation: California Opens Methanol Fuelling Station For Fuel Cell Vehicles

April 25, 2002

SACRAMENTO, CALIFORNIA--Methanex Corporation joined other members of the California Fuel Cell Partnership at the grand opening of California's first methanol fuelling station designed for methanol-powered fuel cell vehicles. The new station will service vehicles such as DaimlerChrysler's methanol-powered NECAR 5.

Pierre Choquette, President and CEO of Methanex, commented, "This methanol fuelling station represents an exciting milestone in the development of fuel cell technology and is made possible by the cooperation of members of the California Fuel Cell Partnership." Mr. Choquette added, "The station also provides an opportunity to showcase the new methanol fuelling mechanism developed with the support of the Methanol Fuel Cell Alliance of DaimlerChrysler, Ballard, BP, Statoil, BASF and Methanex."

Methanex is the world's largest producer and marketer of methanol. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol "MX" and on the Nasdaq National Market in the United States under the trading symbol "MEOH." Methanex can be visited online at www.methanex.com.


Information in this news release may contain forward-looking statements. By their nature, such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those contemplated by the forward-looking statements. They include risks attendant with technical developments in the fuel cell industry and the commercial feasibility of using methanol in fuel cell vehicles. Please also refer to page 28 in our 2001 Annual Report for more information on forward-looking statements.



FOR FURTHER INFORMATION PLEASE CONTACT:

Methanex Corporation
Chris Cook
Manager, Investor Relations
(604) 661-2600

or

Methanex Corporation
Brad Boyd
Corporate Controller and Director, Investor Relations
(604) 661-2600