Methanex is gaining from healthy demand for methanol on the back of the ongoing economic recovery. The strong fundamentals of the methanol industry are driving its results. The company is seeing healthy demand for methanol from traditional chemical applications. The company is also benefiting from an upswing in methanol pricing. Strong methanol demand coupled with ongoing industry supply challenges and high global energy prices is driving methanol prices. The company's average realized price for methanol rose roughly 17% year over year in the first quarter of 2022. Higher demand and strong prices are driving its top line. Methanex also remains committed to strengthen its balance sheet and maintain its strong liquidity position. It is well placed to maintain its business, execute attractive growth opportunities and continue the long track record of returning excess cash to shareholders through dividend payouts and share repurchases.