Maersk invests US$100m into green methanol production
A.P. Moller-Maersk, A.P. Holding and ENEOS have announced a US$100m investment into C2X for the development of its global green methanol project portfolio.
The proceeds will primarily be used to fund the final development phase of the Beaver Lake Renewable Energy (BLRE) project which C2X is developing together with SunGas Renewables in Alexandria in the State of Louisiana.
Once operational, BLRE will produce over 500,000 tonnes of green methanol per year and is in discussions to secure long-term offtake from Maersk and other high-quality customers in the shipping, chemicals and industrial sectors.
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