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.

C2X is majority owned by A.P. Moller Holding with A.P. Moller – Maersk as minority owner.