M2X Energy, an end-to-end developer of modular, transportable gas-to-liquids systems that economically produce low-carbon methanol from stranded methane, has announced a $40 million Series B financing round led by Conifer Infrastructure Partners.

Also participating in the round are the existing Series A investors including Breakthrough Energy Ventures ("BEV"), Eni Next, Add Ventures by SCG, and Autodesk Foundation.

M2X Energy is a leading low-carbon methanol producer in the U.S. with expertise in developing, constructing, and operating modular, transportable gas-to-liquids systems to convert stranded methane into low-carbon methanol. M2X has developed a novel, patented approach to low-carbon methanol production from methane-rich stranded gas using a non-catalytic, partial-oxidation engine reformer. This reformer technology, along with an integrated methanol synthesis loop, allows M2X to repurpose methane emissions and produce low-carbon methanol. M2X's scalable, modular systems can be deployed individually or in groups to mitigate methane emission sources both big and small, unlike traditional chemical process decarbonization technologies.