ENEOS to support US green methanol project with $100m

  • Gas
  • April 9, 2025

Japanese oil company ENEOS Corporation will provide $100m in funding to support the development of the Beaver Lake Renewable Energy project in Louisiana, led by Denmark-based green methanol company C2X. C2X is backed by majority owner AP Møller Holding and its subsidiary, the shipping group AP Møller – Mærsk.

Green methanol spans methanol produced from biomass (tagged bio-methanol) or that produced from green hydrogen, captured CO2 and renewable electricity – referred to as e-methanol.

The Beaver Lake project, under development by C2X and US technology developer SunGas Renewables, is currently in the front-end engineering design phase. If a final investment decision is taken, it could produce more than 500,000 tonnes of green methanol per year using biogenic carbon and renewable electricity.

The partners are in discussions with Mærsk to establish a long-term offtake agreement for the fuel.

… to continue reading this article and more, please login, register for free, or consider subscribing to gasworld

   

  • Related Posts

    • Gas
    • August 14, 2026
    Holcim UAE starts cement carbon capture pilot project

    By 52 min ago 2 min read The UAE division of Swiss manufacturing firm Holcim and climate tech startup 44.01 have started the UAE’s first carbon capture and underground mineralisation…

    • Gas
    • August 14, 2026
    Qatar Ras Laffan train five ‘goes offline’

    By 8 min ago 3 min read Train 5 at Qatar’s Ras Laffan plant has gone offline, according to Energy Aspects and Kayrros LNG intelligence monitoring. Drawing on satellite thermal…

    Have You Seen?

    Kazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil Project

    • August 15, 2026
    Kazakhstan Accuses Big Oil of $10.7 Billion Corruption in Kashagan Oil Project

    Hormuz Tanker Traffic Slumps as U.S.-Iran Standoff Drags On

    • August 14, 2026
    Hormuz Tanker Traffic Slumps as U.S.-Iran Standoff Drags On

    Vance Says Cheap Oil and Gas Is Top U.S. Priority in Iran War

    • August 14, 2026
    Vance Says Cheap Oil and Gas Is Top U.S. Priority in Iran War

    Middle East Oil Tankers Are Going Dark for Longer

    • August 14, 2026
    Middle East Oil Tankers Are Going Dark for Longer

    Drone Strike Sparks Blaze at Key Russian Oil and Fuel Terminal

    • August 14, 2026
    Drone Strike Sparks Blaze at Key Russian Oil and Fuel Terminal

    Hormuz Crisis Pushes Asian Refiners Toward U.S. Oil

    • August 14, 2026
    Hormuz Crisis Pushes Asian Refiners Toward U.S. Oil

    India’s Coal Demand Set to Hit 1.6 Billion Tons by 2030

    • August 14, 2026
    India’s Coal Demand Set to Hit 1.6 Billion Tons by 2030

    Holcim UAE starts cement carbon capture pilot project

    • August 14, 2026
    Holcim UAE starts cement carbon capture pilot project

    Qatar Ras Laffan train five ‘goes offline’

    • August 14, 2026
    Qatar Ras Laffan train five ‘goes offline’

    Vietnam’s Bac Ninh semiconductor investment hits $2.7bn

    • August 14, 2026
    Vietnam’s Bac Ninh semiconductor investment hits $2.7bn