C2X Advances Green Methanol Production Project in Egypt
C2X has signed a comprehensive framework agreement to accelerate the large scale production of green methanol in Egypt.The agreement relates to projects strategically located close to the Suez Canal and was signed with the General Authority for Suez Canal Economic Zone (SCZONE), the Egyptian New and Renewable Energy Authority, the Egyptian Electricity Transmission Company, and the Sovereign Fund of Egypt for Investment and Development.C2X is aiming to build, own, and operate assets to produce green methanol at scale, with A.P. Moller Holding as majority owner and A.P.
Online Bulk Shipping Exchange Will Transform Market
An online shipping exchange being set up by two of the world's biggest oil firms, a leading agrifood multinational and top shipbroker will transform the way traditional shipping markets work, industry experts said. The company, LevelSeas.Com, being set up by oil majors BP Amoco and Shell International Trading and Shipping with food processor and distributor Cargill and shipbroker Clarksons will potentially control 10 percent of bulk commodity movements from day one. But it aims to be a neutral platform open to all sides of the industry. "This will act as a real catalyst for change in the industry - and change for the better. Nothing else offers a seamless service to take us from the start to the end of a voyage…
Delayed Evolution
reason that maritime - as usual - will be slow to catch the wave. A frantic dash to set up tanker trading and information websites is being touted as the end of the traditional shipping marketplace, but insiders say there will be no overnight revolution. Two oil majors last week joined forces with the biggest shipbroker and leading agribusiness trading house to set up an online shipping exchange which aimed to transform the $100 billion market in moving bulk commodities by sea. Other shipbrokers are now rushing to update their websites and a rash of dot.com shipping information ventures are also in the pipeline. But many in the industry say it is unlikely the web revolution will undermine the secretive tanker broking trade.
