Maersk's new methanol venture moves forward with project by Suez Canal

C2X and the Egyptian government sign a framework agreement on the next steps for large-scale production of the green fuel in the country.
The project in Egypt is strategically located close to the Suez Canal, a crucial waterway for the international shipping industry. | Photo: Jacob Gronholt-Pedersen/Reuters/Ritzau Scanpix
The project in Egypt is strategically located close to the Suez Canal, a crucial waterway for the international shipping industry. | Photo: Jacob Gronholt-Pedersen/Reuters/Ritzau Scanpix

The new company C2X, which is owned by A.P. Moller Holding and Maersk and will produce green fuel, is now taking the next step in an Egyptian collaboration.

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