CEO says world can finally step on the gas in net zero fight

A CEO has hailed what he described as “a milestone” in the world’s efforts to decarbonise with the successful trial of a new system that aims to eliminate the systems which provide a quarter of the world’s emissions.

Bill Gates backed -M2X Energy,  has announced that its transportable, modular gas-to-methanol plant has reached a key milestone and produced its first methanol. The company is currently performing test runs to qualify the system for its first field deployment.

“This major milestone substantially de-risks our innovative technology and validates its commercial viability,” said M2X Energy CEO Max Pieri. “We are currently the only company to offer a scalable on-site solution for oil and gas operators that captures waste flare methane and turns it into a clean and valuable industrial product. By reimagining typical natural gas flaring approaches, we are creating additional value for customers and decarbonizing their operations. We look forward to deploying our first system in the field very soon.”

M2X focuses on wasted natural gas conversion into low-carbon chemicals. Founded in 2020, it was created to address natural gas flaring and venting by creating valuable products from otherwise wasted natural gas, thus reducing methane emissions, and producing carbon-negative chemicals.

The system producing M2X Energy’s first methanol was built and tested in partnership with ECR Engines, a high-performance combustion engine research, development, and production company. The unit was operated at the Richard Childress Racing campus in Welcome, Noth Carolina, a premier motorsports organisation with a long, successful history in NASCAR racing and engine development.

To certify the carbon-intensity of its methanol, M2X Energy has partnered with SCS Global Services, which independently assessed the production of its carbon-negative methanol. Once produced at scale, M2X Energy’s carbon-negative methanol will be cost competitive with traditional methanol and will be used as a low carbon fuel, in the creation of synthetic fibres and chemicals, and as a hydrogen carrier.

According to the Environmental Defence Fund, at least 25 percent of global warming today is driven by methane produced by human actions, and the concentration of methane in the atmosphere is continuing to increase. M2X Energy delivers a practical, scalable, affordable solution for tackling methane emissions at the source, which will help capture the almost $20 billion worth of flare gas that is currently wasted and leaking into the atmosphere.

After the first field demonstration of this commercial-scale system, M2X Energy will prepare for the deployment of additional units. The company is currently advancing manufacturing capabilities, expanding its engineering and commercial teams, and scaling operations to meet the fast-growing customer demand.

M2X focuses on wasted natural gas conversion into low-carbon chemicals. Founded in 2020, it was created to address natural gas flaring and venting by creating valuable products from otherwise wasted natural gas, thus reducing methane emissions, and producing carbon-negative chemicals.

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