HomeC2X Review: Scaling Green Methanol across the World

C2X Review: Scaling Green Methanol across the World

December 16, 2025

Green methanol is moving from “interesting pilot fuel” to something owners actually have to plan around, and C2X is essentially a bet that supply won’t be the bottleneck. Backed by A.P. Moller Holding with Maersk and ENEOS as shareholders, the company is building large-scale green methanol projects in places like Spain, Egypt and the US Gulf so that shipping, chemicals and aviation have real volumes to buy rather than just slideware.

C2X (Carbon to X): Headquarters
Liverpool, United Kingdom (C2X Ltd registered HQ, projects in Spain, Egypt and the US)
Shipowners save by:
  • Securing future green methanol supply: C2X plans to build, own and operate green methanol plants with a combined target capacity of more than three million tonnes per year by 2030, aimed at shipping, chemicals and aviation. For owners committing to dual-fuel methanol tonnage, that kind of forward supply base can support long-term offtake deals and reduce the risk of “stranded” methanol-capable ships.
  • Reducing lifecycle emissions exposure: Green methanol produced from biogenic CO₂ and sustainable biomass is designed to deliver major lifecycle greenhouse gas reductions versus conventional marine fuels. As EU ETS and FuelEU Maritime tighten, shifting a portion of consumption to certified green molecules can lower allowance spend and penalty risk on qualifying trades.
  • Using geography to hedge fuel and policy risk: C2X projects are being developed in the Port of Huelva in Spain, near the Suez Canal in Egypt, and in Louisiana in the US Gulf. That spread across key basins can help owners avoid relying on a single “green hub” for methanol bunkering as fleets and trade patterns evolve.
  • Tapping into carbon-removal value streams: The Beaver Lake Renewable Energy project in Louisiana is designed to convert forestry residues into bio-methanol while capturing and permanently storing around 1 million tonnes of biogenic CO₂ per year, generating engineered carbon removal units (CRUs). For cargo owners or operators with net-zero commitments, involvement in such projects can complement fuel switching with verifiable removals.
  • Aligning with major charterer expectations: C2X is majority owned by A.P. Moller Holding with Maersk as a minority owner, and has attracted additional investment from ENEOS. For owners serving blue-chip charterers that are actively shifting to methanol, being able to reference credible upstream molecules can strengthen commercial discussions on “green” services and long-term contracts.
  • Leveraging biomass and gasification expertise: Through its partnership with SunGas Renewables, C2X taps into an established biomass gasification platform. That can matter for owners and financiers looking for technical depth behind the projects supplying their fuel, rather than purely financial SPVs with outsourced technology risk.
  • Building a bankable story around green fuel strategy: Because C2X is positioned as a dedicated green methanol platform with visible projects and public offtake and investment announcements, referencing it in internal roadmaps and lender packs can help show that “green methanol ready” ships are tied to a realistic fuel supply path rather than hope.
Notes: This lens is for planning only. Any actual savings depend on your ship designs, trades, methanol pricing, contract structures and how regulators count green methanol and carbon removals in your specific compliance regimes.
Notable mentions and external references
Where C2X’s green methanol and carbon-removal projects are being picked up in the wider market.
  • Europe’s largest green methanol plant plan in Spain Cepsa & C2X • Port of Huelva
    Cepsa and C2X announced a joint ambition to build a large-scale green methanol plant in the Port of Huelva, southern Spain, positioned as one of Europe’s largest projects and tied into the Andalusian Green Hydrogen Valley. C2X–Cepsa project announcement and Invest in Spain summary .
  • $100m backing from ENEOS, A.P. Moller Holding and Maersk Maritime Executive • Port Technology
    Coverage of ENEOS joining A.P. Moller Holding and A.P. Moller – Maersk in a USD 100 million investment into C2X, aimed at advancing the Beaver Lake Renewable Energy project in Louisiana and the wider green methanol portfolio in Spain, Egypt and the US. Maritime Executive report and Port Technology summary .
  • Beaver Lake Renewable Energy moves into FEED Offshore Energy • SunGas Renewables
    The Beaver Lake Renewable Energy project in Louisiana, jointly developed by C2X and SunGas Renewables, entered front-end engineering design, with plans to produce roughly 500,000 tonnes of green methanol per year and permanently store about 1 million tonnes of biogenic CO₂ annually. Offshore Energy project update and Beaver Lake project site .
  • Long-term carbon removal deal with Microsoft ESG Today • Data Center Dynamics
    Multiple outlets report that Microsoft has agreed to buy 3.6 million tonnes of engineered carbon removal units over 12 years from C2X’s Beaver Lake project, tying the methanol plant’s captured biogenic CO₂ into corporate net-zero portfolios. ESG Today coverage and Data Center Dynamics article .
  • Green methanol supply as part of Maersk’s transition Maritime Carbon Intelligence • ResourceWise
    Analyses of Maersk’s methanol-fuelled fleet repeatedly reference C2X as a key upstream supplier, noting its ambition to exceed three million tonnes of annual green methanol capacity by 2030 and its role in de-risking fuel supply for newbuilds. Maritime Carbon Intelligence overview and ResourceWise project analysis .
This is a sample, not a complete list. It shows C2X appearing both in project-level news (Spain, Egypt, US) and in broader discussions about green methanol, carbon removals and Maersk’s fuel strategy.
Green methanol and removal impact sketch
Roughly frame what a shift to green methanol plus carbon removals could mean against your fleet’s CO₂ line.
Your baseline and green fuel slice
Focus on the part of the fleet you realistically see moving to methanol-capable tonnage.
Approximate well-to-wake factor for your current main fuel (edit to match your internal numbers).
Share of that fuel energy you ultimately want to cover with certified green methanol.
Use your own LCA assumptions. Many studies reference 60–90% depending on pathway and system boundaries.
ETS price, internal carbon price or a blended view of both.
For example, a slice of engineered removals from a project like Beaver Lake Renewable Energy.
Planning tool only. Replace defaults with your own bunker, ETS and LCA numbers before showing this to a board or bank.
Indicative annual impact
Baseline emissions on this slice
0 t
CO₂ cut from fuel switch
0 t
Indicative CO₂ cost avoided
$0
Baseline covered by removals
0 %
Residual CO₂ after fuel switch
0 t
Residual after fuel + removals
0 t
Total effective reduction vs baseline
0 %
Category Calculated value (per year)
Baseline fuel use on candidate ships 0 t
Baseline emissions on this slice 0 tCO₂
Emissions reduction from green methanol 0 tCO₂
Indicative CO₂ cost avoided (fuel switch only) $0
Carbon removals applied 0 tCO₂
Residual emissions after fuel switch 0 tCO₂
Residual emissions after fuel + removals 0 tCO₂
Total effective reduction vs baseline (fuel + removals) 0 %
Use this as a sketchpad for internal scenarios, not as a substitute for a formal decarbonisation model.

For owners, C2X is really about whether you believe green methanol and engineered removals will sit inside your fuel and carbon strategy over the next decade. The mentions panel shows how quickly the company has moved from launch to multi-basin projects and long-term offtake deals, and the impact sketch lets you plug in your own fuel and carbon numbers to see what a realistic slice of green methanol plus removals might do to your emissions and ETS line. From there, the real work is matching those scenarios to actual newbuild decisions, charterer expectations and the timelines of projects like Huelva and Beaver Lake coming onstream.

We welcome your feedback, suggestions, corrections, and ideas for enhancements. Please click here to get in touch.
By the ShipUniverse Editorial Team — About Us | Contact