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
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A.P. Moller Holding announces a recommended public cash offer to the shareholders of Concentric
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A.P. Moller Holding combines Maersk Supply Service with DOF Group and creates Maersk Offshore Wind
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