Denmark-based Ørsted assumed full ownership of FlagshipONE, the largest green e-methanol project in Europe, by acquiring the remaining 55 % stake in the project from Liquid Wind AB.
FlagshipONE, will be Ørsted’s first commercial-scale Power-to-X facility and is an important stepping stone towards Ørsted’s ambition of taking a leading position in renewable hydrogen and green fuels.
Located in Örnsköldsvik in northern Sweden, FlagshipONE is Europe’s largest green e-methanol facility. FlagshipONE is expected to enter into operation in 2025 and will produce around 50,000 tonnes of e-methanol each year to help decarbonise the world’s shipping industry.
Ørsted will start onsite construction of FlagshipONE in the spring of 2023. The project will be located on the grounds of the biomass-fired combined heat and power plant Hörneborgsverket in Örnsköldsvik, operated by Övik Energi.
The e-methanol from FlagshipONE will be produced using renewable electricity and biogenic carbon dioxide captured from Hörneborgsverket. In addition, FlagshipONE will use steam, process water, and cooling water from Hörneborgsverket. Excess heat from the e-methanol production process will be delivered back to Övik Energi and integrated in their district heating supply.
Global shipping accounts for around 3 % of global carbon emissions, and the sector is a focus area for Ørsted as the company expands its presence in Power-to-X across Northern Europe and the United States.
FlagshipONE is the first e-methanol project in Ørsted’s ambitious green fuels pipeline. Ørsted is also developing the 300,000 tonnes ‘Project Star’ in the U.S. Gulf Coast area and the ‘Green Fuels for Denmark’ project in Copenhagen, which will both produce significant volumes of e-methanol to enable the decarbonisation of shipping.
Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants.