There is currently about 153,000 tonnes of green methanol production capacity in operation around the world, including demonstration plants that might not be selling volumes commercially as well as those producing synthetic methanol, according to estimates by BloombergNEF.
The billionaire family behind A.P. Moller-Maersk A/S is forming a new company that will produce green methanol in a bid to help cut emissions from the shipping industry, one of the world’s biggest polluters.
The company, called C2X, will build and operate “large-scale” production facilities and expects an annual capacity of more than three million tonnes green methanol by 2030, according to a statement from family fund A.P. Moller Holding A/S, or APMH, on Sept 14, a significant addition to an industry facing a massive shortage of carbon-neutral fuel.
