The Danish energy company has stopped working on the 50 thousand tonnes of e-methanol/year production plant in the Swedish Örnsköldsvik.

Ørsted shared that the European market for green fuels is developing too slowly and it won't speed up in the short-to-medium term, meaning that scaling up thus lowering prices won't be possible for the business to become economically attractive.

 
Instead of green fuels for the shipping sector, Ørsted plans now to focus on the renewable hydrogen market in Northern Europe.

The FlagshipOne project was initiated in 2017 by Liquid Wind, with Ørsted taking over in December 2022. The production facility was to be set up on the grounds of the biomass-fired combined heat and power plant Hörneborgsverket, operated by Övik Energi, from which FlagshipOne was to source CO2 for e-methanol production as of 2025.

Meanwhile, Liquid Wind is working on other 'Flagships:' the 130kt/y ones in Sundsvall and Umeå, both scheduled to come online in 2027. The company also eyes an e-methanol production plant outside Sweden, in the Finnish Haapavesi, following a letter of intent signed with Kanteleen Voima and Piipsan Tuulivoima in December 2023.

Source: Dagens Logistik

Photo: Liquid Wind