Ørsted has taken a 45% stake in Liquid Wind’s large-scale FlagshipOne e-methanol project, currently in late-stage development in Örnsköldsvik, north-east Sweden.
The project will see new onshore wind farms developed to power FlagshipOne's 70MW electrolyser.
Although details for the wind farms are yet to be confirmed, Liquid Wind said each of its planned e-methanol projects will require up to 470GWh of renewable electricity a year to run the electrolysers.
The electrolyser then produces hydrogen. Combined with biogenic CO2, captured by the Hörneborgsverket combined heat and power plant located at the site, this will be used to produce 50,000 tonnes of e-methanol a year for the maritime sector.
While still subject to a final investment decision, which Ørsted said could happen this year, FlagshipOne is expected to be commissioned in 2024.