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COPENHAGEN: A.P. Moller Holding and A.P. Moller Maersk (Maersk) have provided the capital for energy start-up C2X to produce three million tonnes of green methanol by 2030.

Methanol, a fundamental building block in plastics, glues and textiles is almost exclusively derived from natural gas and coal.

C2X plans to replace this fossil-fuel feedstock with supplies of green methanol made from e-methanol, based on renewable energy, or bio-methanol from agricultural and forestry by-products. The company expects the annual demand for methanol could triple to some 300 million tonnes, with the majority being green methanol.

One result will be the increasing use of e/bio-methanol for the maritime shipping industry to reduce their fossil-fuel emissions.

“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,” commented A.P. Moller Holding CEO Robert M. Uggla.

C2X says it intends to develop, own and operate green methanol production facilities in strategic locations beginning with the Suez Canal zone in Egypt and the port of Huelva in southern Spain.

“The green methanol industry is nascent and new technologies are emerging,” commented C2X CEO Brian Davis. “Our focus is on developing our own large-scale projects and selective investments into attractive developments where we can help deliver those projects through access to our capital, expertise and commercialization.

“We are building on our founders’ longstanding relations with authorities, customers, and suppliers around the world,” he added.
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