C2X

Strategic partnerships are crucial for scaling up green methanol and other renewable fuels for global decarbonization.🤝🌱 Today C2X LLC and SunGas Renewables announced a strategic partnership and an investment by C2X in SunGas. Together, SunGas and C2X aim to develop, own, and operate multiple green methanol production facilities in North America to increase the supply of sustainable fuels and advance global decarbonization of hard to abate industries. SunGas, a spin-out of GTI Energy, is a leader in providing proven process technology and equipment for enabling the production of renewable fuels. “SunGas’ leading biomass gasification technology platform and their highly capable team offers the fastest and lowest cost way to scale up the supply of green methanol that is so urgently needed to enable the marine, aviation, and chemicals sectors to reduce their fossil carbon emissions. Furthermore, we hope that our investment will also enable SunGas to advance the sale of their technology to other customers looking to produce renewable molecules for hard-to-abate industries,” says Brian Davis, CEO at C2X. 👉 Read more at https://lnkd.in/d-4gYHCM #GreenTransition #Decarbonization #RenewableFuture #GreenEnergy

🚢Many barriers are still standing in the way of green fuels investments from the shipping industry.🍀 Drawing on insights from 20+ leading stakeholders across the shipping value chain – including C2X - this latest report from the World Economic Forum and the Boston Consulting Group (BCG), prepared for the First Movers Coalition (FMC) highlights 10 key barriers limiting green fuel projects from going past final investment decision today. Some of these key barriers are lack of clear demand signals with sufficient willingness to pay to cover the green premium as well as the expectations gap between fuel producers and carriers on the length, volume, and price of offtake agreements. “We need the proactive support of governments around the world to close the cost gap through supply-side and demand-side actions. First, by providing incentives that lower the cost of green fuel production, this will promote the rapid scaling-up of these new technologies. And second, by creating a strong and visible demand-pull through mandates and clear carbon-pricing signals. Together this can kick-start the industry to drive faster scale-up and better climate outcomes,” C2X CEO Brian Davis says in the report. 👉 Read more here: https://lnkd.in/eSKrUTcS #Decarbonization #ZeroEmissionShipping #FirstMoversCoalition #ClimateAction #FinalInvestmentDecision #COP28 #C2X

C2X was very pleased to join the Spain-Denmark Business Summit in Copenhagen – a part of the Spanish royal visit. His Majesty King Felipe VI and His Royal Highness Crown Prince Frederik both pointed to the green transition as an area where Denmark and Spain can continue and strengthen the long history of business collaboration between the countries. C2X is working in Spain to develop a large-scale green methanol production to cater for the need for green fuels from the shipping industry as well as demand from the chemicals sector, managing director for C2X in Spain, Diego Perdones, said in a panel highlighting the importance of investing in Power-to-X. Power-to-X can become an essential part of the energy systems in both Spain and Denmark. However, it requires huge investments in green energy production and the corresponding infrastructure to connect new sustainable energy installations to the public grid. Thank you to ICEX for organizing and bringing the countries together on this important agenda. #ptx #greenhydrogen #Decarbonization #Sustainability #EnergyTransition