Located in Örnsköldsvik in Northern Sweden, Ørsted’s FlagshipONE shall be Europe’s largest inexperienced e-methanol facility.
Ørsted goes all in on inexperienced e-methanol and sees inexperienced gas for delivery as a significant market. Its board has taken a closing funding determination (FID) on the 50,000 tonnes/12 months FlagshipONE e-methanol undertaking and Ørsted has buying the remaining 55% stake within the undertaking from Liquid Wind AB, the unique developer of the undertaking..
Located in Örnsköldsvik in Northern Sweden, FlagshipONE shall be Europe’s largest inexperienced e-methanol facility. FlagshipONE is anticipated to enter into operation in 2025 and can produce round 50,000 tonnes of e-methanol every year to assist decarbonize the world’s delivery business.
FlagshipONE shall be Ørsted’s first commercial-scale Power-to-X facility and is a crucial steppingstone in direction of Ørsted’s ambition of taking a number one place in renewable hydrogen and inexperienced fuels.
Global delivery accounts for round 3% of world carbon emissions, and the sector is a spotlight space for Ørsted as the corporate expands its presence in Power-to-X throughout Northern Europe and the United States.
Ørsted’s bold inexperienced fuels pipeline contains creating the 300,000 tonne “Project Star” within the U.S. Gulf Coast space and the “Green Fuels for Denmark” undertaking in Copenhagen, which can each produce important volumes of e-methanol for delivery.
Today, inexperienced fuels for delivery carry a worth premium in comparison with fossil-based alternate options, and Ørsted says the business wants supportive regulation to incentivize demand and to drive the maturation of inexperienced fuels at scale and at pace. Until this regulation materializes, pricing of e-methanol, even from world-class Power-to-X belongings like FlagshipONE, is topic to substantial uncertainties – and large-scale offtake urge for food is but to develop. Ørsted says it’s ready to steer the event of the Power-to-X business and assume threat within the course of – together with by advancing strategic tasks like FlagshipONE – however regulatory motion that matches the ambitions of builders and delivery corporations are urgently wanted.
“Now more than ever, the world needs bold green energy projects to fight climate change, decarbonise hard-to-electrify sectors, and secure regional energy independence,” says Ørsted group president and CEO Mads Nipper. “Ørsted is determined to lead the green transformation of society, and that’s exactly what we’re doing by constructing projects like FlagshipONE. E-methanol is the best solution currently available to decarbonize hard-to-electrify sectors like global shipping, and with this first commercial-scale project, Ørsted will break first ground in advancing our industry-leading pipeline of e-methanol projects.”
Ørsted will begin onsite development of FlagshipONE within the spring of 2023. The undertaking shall be situated on the grounds of the biomass-fired mixed warmth and energy plant Hörneborgsverket in Örnsköldsvik, operated by Övik Energi. The e-methanol from FlagshipONE shall be produced utilizing renewable electrical energy and biogenic carbon dioxide captured from Hörneborgsverket. In addition, FlagshipONE will use steam, course of water, and cooling water from Hörneborgsverket. Excess warmth from the e-methanol manufacturing course of shall be delivered again to Övik Energi and built-in of their district heating provide
