A.P. Moller Group Launch New Green Methanol Venture

A.P. Moller Holding, the family office behind the Danish shipping and logistics company AP Moller-Maersk is backing C2X a new independent company aimed to build, own, and operate assets to produce green methanol at scale.

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

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

Methanol is one of the most traded chemical commodities globally and is found 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.

A.P. Moller Holding believes 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.

Additionally, 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.