Lexington, N.C.-based M2X Energy said recently that its transportable, modular gas-to-methanol plant produced its first methanol. The company said it is performing test runs now to qualify the system for its first field deployment. “This major milestone substantially de-risks our innovative technology and validates its commercial viability,” CEO Max Pieri said. “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… We look forward to deploying our first system in the field very soon.”
Josh Browne, co-founder, told the Midland Reporter Telegram that M2X is taking the unit to North Dakota to operate for several weeks, return to North Carolina for examination, and then “bring it to west Texas. We plan to do that by the end of the year. We have several sites we’ve worked with a field partner… Our vision is to provide methanol alongside crude oil and natural gas.”
M2X plans to build six units in the next 18 months. It has applied for a grant from the U.S. Department of Energy to build the next 10 commercial units for deployment.