APM Holdings' energy firm buys stake in US methanol company

C2X, which is owned by APM Holding and Maersk, has acquired a stake in Sungas Renewables. The parties will develop more projects within green methanol production.
The Laura Mærsk, the first container ship powered by green methanol. | Photo: Jacob Gronholt-Pedersen/Reuters/Ritzau Scanpix
The Laura Mærsk, the first container ship powered by green methanol. | Photo: Jacob Gronholt-Pedersen/Reuters/Ritzau Scanpix

APM Holding has taken a new step in its commitment to facilitate large-scale production of three million tons of green methanol for shipping and other industries by 2030.

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