Japanese oil company ENEOS Corporation will provide USD 100M in funding to support the development of the Beaver Lake Renewable Energy project in Louisiana, led by Denmarkbased 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 frontend 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. C2X CEO Brian Davis said ENEOS brings“ deep expertise in energy markets” and will support the company’ s wider efforts to develop large-scale projects in key global locations. One of the most promising applications for green methanol is in shipping, where it is gaining traction as a marine fuel due to its cleaner combustion and compatibility with existing infrastructure. Beyond fuel use, green methanol can serve as an energy carrier for storing electricity from renewable sources and is also a feedstock for chemicals such as formaldehyde, acetic acid, and plastics. |
Samsung E & A has been signed up as the main contractor by Emirates Biotech for a polylactic acid production plant in UAE. The strategic project, officially named Falcon PLA Project, will deliver a cutting-edge facility producing a biodegradable and environmentally friendly plastic alternative, thus solidifying Emirates Biotech commitment to environmental responsibility and innovation. A total solutions provider for the global energy industry, Samsung E & A said it was selected as the sole partner for the project due to its unrivalled track record of bringing these innovative but complex industrial projects to fruition. The project scope includes overseeing all engineering, |
procurement and construction work, ensuring that it progresses smoothly and aligns with the planned schedule and budget. Samsung E & A said the pre-EPC contract, covering the initial phase of the collaboration, was recently signed at Emirates Biotech’ s head office in the UAE. Emirates Biotech recently selected Sulzer as the technology provider for its PLA plant and Samsung E & A will ensure the Sulzer technology and proprietary equipment will be integrated flawlessly into the PLA production facility. The plant, to be located in the Kezad free zone in Abu Dhabi, is expected to be operational in early 2028. |