Ørsted pulls the plug on European e-methanol project

Danish utility Ørsted has abandoned its pioneering e-methanol project under construction in northern Sweden, blaming poor market growth and difficulty in securing long-term offtake contracts. Ørsted assumed full ownership and took a final investment decision on the project called FlagshipONE in late 2022 – originally developed by Liquid Wind and touted at the time as …

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