The Danish energy company has purchased 45% shares of the e-methanol project developed by the Swedish power-to-fuel development firm.

FlagshipONE will feature a 70 MW electrolyser, making it possible to produce 50kt/year of e-methanol (to be used as a marine fuel) based on renewable hydrogen and biogenic CO2.

Onshore wind will power hydrogen production, while the biogenic CO2 will be captured from the combined heat and power plant Hörneborgsverket in Örnsköldsvik in Sweden, where FlagshipONE will also be located.

The partners plan to commission FlagshipONE in 2024, pursuant to a final investment decision that could take place this year.

"The interest from Ørsted shows how far Liquid Wind has come and is further evidence for the importance of electro-fuel. Our green fuel will become a dominant fuel for true decarbonisation in the hard to abate shipping sectors, reducing CO2 emissions with more than 90%. FlagshipONE is the first facility, and it's Liquid Wind's ambition to significantly scale up the number of facilities across the world by 2050," Claes Fredriksson, CEO and Founder, Liquid Wind, commented.

Anders Nordstrøm, Head of Ørsted's hydrogen and power-to-x activities, added, "By partnering with Liquid Wind on FlagshipONE, we're entering one of the most promising and exciting projects to supply e-methanol at scale and drive the decarbonisation of maritime transport and other uses of e-methanol. With the right framework and societal support, FlagshipONE can become one of the world's first large-scale e-methanol facilities and an important addition to Ørsted's growing and diverse portfolio of hydrogen and power-to-x projects."

Photo: Liquid Wind