Orsted scraps Swedish FlagshipONE emethanol project under development

Orsted has ceased the development of its pioneering FlagshipONE eMethanol project under construction in northern Sweden, citing slow market progress and an inability to sign long-term offtake contracts, the company said Aug. 15. The company took a final investment decision on the project in 2022 after acquiring it from Liquid Wind and was targeting emerging demand in the marine fuel… Orsted has ceased the development of its pioneering FlagshipONE eMethanol project under construction in northern Sweden, citing slow market progress and an inability to sign long-term offtake contracts, the company said Aug. 15. The company took a final investment decision on the project in 2022 after acquiring it from Liquid Wind and was targeting emerging demand in the marine fuel… Read More