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
25 July 2025
Oil major cites strategy reset as it walks away from Australian Renewable Energy Hub, leaving partner InterContinental Energy to lead one of world’s largest green hydrogen projects
23 July 2025
Electrolysis seen as most leakage-prone production pathway as study warns of sharp increase through 2030 and beyond
22 July 2025
The gas-hungry sector is set for rapid growth, and oil majors and some of the world’s largest LNG firms are investing in ammonia production and export facilities, though much depends on regulatory support
16 July 2025
Major manufacturer cancels rollout of new hydrogen-powered vans and strengthens focus on battery electric and hybrid markets
