Orsted takes stake in green methanol project

Swedish development will supply methanol manufactured from green hydrogen to the shipping sector

Danish energy company Orsted is to acquire a 45pc stake in rival developer Liquid Wind’s Flagship One e-methanol project in Sweden. The development will use biogenic CO₂ captured from the Horneborgsverket combined heat and power plant in Ornskoldsvik, where Flagship One will be located. The CO₂ will be hydrogenated using green hydrogen produced by a 70MW electrolyser powered by onshore wind, and the resulting methanol sold as a low-carbon fuel for the shipping industry. “We at Orsted are ready to be a driving force in maturing the green fuels industry, where we can play a significant role in decarbonising hard-to-abate sectors like maritime transport,” says Martin Neubert, deputy group CEO o