C2X aims to have an annual capacity of green methanol production of more than 3 million tons by 2030.
AP Moller-Maersk and AP Moller Holding launched a startup called C2X specialized in manufacturing green methanol to fuel container ships in the General Authority for the Suez Canal Economic Zone (SCZone).
Chairman of the Board of Directors, Robert Maersk Uggla and Chairman of SCZone Walid Gamal el Din met to the work of C2X, which will soon begin its work in Egypt’s Suez Canal and Spain to produce green methanol to reduce emissions resulting from marine tankers, especially cargo ships. C2X aims to have an annual capacity of green methanol production of more than 3 million tons by 2030.
El Din also participated in the official ceremony to announce the arrival of the ship Laura Maersk to its final stop in Denmark, after a sea voyage of 21 thousand kilometers. Maersk completed the maiden voyage of the world’s first green methanol-powered container ship.
The vessel started its journey from South Korea passing by Singapore and Asia and last month passed through the Suez Canal on its way to Europe. During its pass through the Suez Canal, the ship refueled green methanol at East Port Said port by OCI Global.
The meeting also discussed a framework agreement between the SCZone, the Sovereign Fund of Egypt, the New and Renewable Energy Authority, and Egyptian Electricity Transmission Company at the beginning of next October to establish a green fuel production facility in SCZone’s Sokhna area.
Maersk had previously signed a preliminary agreement with Egypt during the COP27 climate summit in 2022 to invest $15 billion to set up clean fuel projects.
