Methanol is seen as a viable option for decarbonising shipping
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
Also in this section
14 February 2025
Leading European hydrogen investor commits $50m to green fuels developer amid continued uncertainty over US renewables policy
14 February 2025
Focus on facilities in Spain, Egypt and the UK as Mideast Gulf country aims to scale up output to supply markets in Europe and Asia
12 February 2025
Tax incentives attract multiple proposals for hydrogen hubs as government launches new initiative to speed up transition
11 February 2025
Multiple production routes and regional policy differences hamper nascent sector’s ability to attract investment
