Japanese energy firm ENEOS, Danish shipping company Maersk, and A.P. Moller Holding have agreed to invest US$100 million in green methanol project developer C2X to proceed with its global methanol production portfolio.
The transaction is subject to the satisfaction of customary closing conditions, including applicable regulatory clearances.
The proceeds from the investment will primarily be used to fund the final development phase of the BLRE project which C2X is developing together with SunGas...