Questions are being asked of what many describe as a decelerating e-fuels market, after Ørsted today announced it is scrapping the development of its FlagshipONE e-fuels project in Sweden.
The company said it will instead focus its efforts on renewable hydrogen.
The FlagshipONE project, planned for Örnsköldsvik in Sweden, was expected to start operations next year (2025) – two years after achieving FID – and produce up to 55,000 tonnes of e-methanol annually for shipping by combining renewable hydrogen and captured carbon dioxide (CO2).
The company had previously been all-in on e-fuels, having cited e-methanol as the best solution available to decarbonise hard-to-electrify sectors like global shipping.
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