To limit global temperature increases, humankind urgently needs to reduce the net addition of greenhouse gases (GHGs) to our atmosphere. Carbon is an essential building block in many products. At C2X, we believe we need to “defossilise” the carbon we use.
C2X is aiming to make a significant contribution to a fossil-free future by accelerating the availability of green methanol at scale, which will serve to defossilise the chemical, shipping and aviation sectors.
C2X has a team of 60 people with backgrounds from chemicals, renewables, construction of mega-projects, shipping and finance. C2X will develop green methanol from various pathways depending on specifics of the location. We are pursuing advantaged and scalable green methanol projects located near the Suez Canal in Egypt and the port of Huelva in Spain, as well as other opportunities across several geographies.
By 2030, our ambition is to have a production capacity of more than three million tonnes per annum from project opportunities in advantaged locations around the world.
The venture is majority owned by A.P. Moller Holding with A.P. Moller – Maersk as minority owner.