Danish shipping company A.P. Moller Maersk’s green methanol arm, C2X, has announced the purchase of land in Huelva, southern Spain, to construct a green methanol facility. With a potential capacity of 1 million metric tons per year, the production facility will be located in the port of Huelva. The green methanol will primarily serve the shipping sector as a bunker fuel.
The partnership between Maersk and the Spanish government, initiated in November 2022, aims to explore the production of green fuels in Spain. Diego Perdones Montero, managing director for C2X in Spain, emphasized the importance of collaboration between the public and private sectors, stating, “The green transformation can only be achieved if partners from both sectors work hand in hand, because a lot of what we are doing is pioneering work.”
C2X’s mission is to expand the availability of green methanol production on a large scale, catering not only to the shipping sector but also to aviation and the chemical industries. A.P. Moller Holding owns the majority stake in C2X, with A.P. Moller-Maersk being a 20% shareholder. By 2030, C2X aims to achieve a production capacity exceeding 3 million metric tons per year from multiple project locations worldwide.
In line with its decarbonization efforts, Maersk recently partnered with the government of Egypt to study the feasibility of producing green marine fuels in the region. Additionally, Maersk has ordered 25 methanol-powered container vessels.
Reporting by Stacy Maphula; Editing by Rob Sheridan
