Ørsted invests in large-scale e-methanol project in Sweden

Sustainable energy

Sweden A 45 percent stake in Liquid Wind’s FlagshipONE e-methanol project will be acquired by Ørsted.

In the final stages of development, FlagshipONE could be the world’s first large-scale, long-term e-methanol project. Decarbonizing the maritime industry is one of Liquid Wind’s long-term goals, and FlagshipONE is the first step toward that goal.

A 70 MW electrolyser will power FlagshipONE, which is expected to produce 50,000 metric tons of e-methanol annually from renewable hydrogen and biogenic carbon dioxide (CO2). The electrolysis producing the hydrogen will be powered by onshore wind, and the biogenic CO2 will be captured from the combined heat and power plant Hörneborgsverket in Örnsköldsvik in Sweden, where FlagshipONE will also be located.

Depending on the final investment decision, which could come as early as 2022, Ørsted and Liquid Wind expect to put FlagshipONE into service in 2024.