14 September 2023
New green methanol venture for the A.P. Moller Group
C2X is an independent company aimed to build, own, and operate assets to produce green methanol at scale
Methanol is one of the most traded chemical commodities globally and is a fundamental building block in many everyday products including plastics, glues, textiles, and other applications. However, the methanol used today is almost exclusively made from fossil fuel sources, with natural gas and coal being the most common feedstocks. This can be directly replaced by new supplies of green methanol made from e-methanol, based on renewable energy, or bio methanol from agricultural and forestry crops and waste. Furthermore, based on new engine technology, green methanol can also be used as fuel to reduce fossil emissions in hard-to-abate industries such as long-distance shipping.
“There is a pressing environmental requirement to scale the production of green methanol. C2X was founded to enable the energy transition in several hard to abate industries, including plastics, glues, textiles, and fuels. I am delighted to see the talented team, who has joined C2X, and the strong interest from partners and prospective customers to support the venture’s important purpose and development,”
C2X is majority owned by A.P. Moller Holding with A.P. Moller – Maersk as minority owner.
News from the A.P. Moller Group
A.P. Moller Holding leads the $60 million Series C equity financing in Upway
Upway is a leading e-commerce platform for buying refurbished e-bikes, driving the transition to sustainable urban mobility.
“We are excited to support Upway on its journey to revolutionize the global market for refurbished e-bikes. Upway’s ability to industrialize second-hand e-bike refurbishment and deliver the highest level of customer trust globally truly sets them apart. Today’s investment also reflects our confidence in Upway’s sustainable and scalable business model that aligns with our commitment to sustainable, long-term growth,” said Chetan Mehta, Head of Growth Equity at A.P. Moller Holding.
A.P. Moller Holding’s purchase offer for Svitzer successfully completed
The recommended voluntary purchase offer for all issued shares in Svitzer Group, made through A.P. Moller Holdings subsidiary APMH Invest A/S on April 2, 2025, has been successfully completed.
A.P. Moller Holding announces recommended voluntary purchase offer for all issued shares in Svitzer
A.P. Moller Holding, the largest shareholder in Svitzer Group A/S (Svitzer) has, through its wholly owned subsidiary APMH Invest A/S, today announced a recommended voluntary purchase offer for all issued shares in Svitzer with the aim of taking the company private to better support its long-term ambitions.