Maersk's C2X Pens Egypt Agreement

published:04/10/2023 09:00 GMT

Egypt and Maersk's C2X signed a new framework agreement worth up to US$3 billion for the production of green fuel and its derivatives in the Suez Canal economic zone, according to a statement released on Wednesday. Maersk, a Danish shipping and logistics company, teamed up in September with its majority owner to form C2X as a new company to pursue large-scale green methanol projects near the Suez Canal in Egypt and the port of Huelva in Spain, as well as in several other locations....More