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Offshore wind developer Ørsted will buy a 45% share of power-to-fuel developer Liquid Wind’s FlagshipONE e-methanol project in Sweden to decarbonise the maritime sector.
Ørsted has today (Jan 12) confirmed that it will acquire a 45% ownership share of Liquid Wind AB’s FlagshipONE project, which will produce eMethonal from...
Read Ørsted buys stake in large-scale onshore wind-powered e-methanol project in Sweden and other wind energy news & analysis on Windpower Monthly
Swedish development will supply methanol manufactured from green hydrogen to the shipping sector
Approximately 80% of the world’s traded goods move via ship. But the shipping industry is also responsible for 2%-3% of global carbon emissions, according to S&P Global Platts Analytics. While shipping is one of the most efficient modes of transportation, the industry’s reliance on fossil fuels has made the path to decarbonization difficult. That has ...