Ørsted inaugurates FlagshipONE, Liquid Wind’s first electrofuel project

Ørsted inaugurates the FlagshipONE project in Sweden, ushering in a green era for marine navigation. This major project aims to produce e-methanol on a large scale, meeting the growing demand for green marine fuels.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The FlagshipONE project, launched in Örnsköldsvik in northern Sweden by Ørsted, is the largest e-methanol project in Europe. This initiative marks the beginning of the project’s construction and paves the way for a new green era in navigation. Thanks to large-scale methanol production facilities, a growing fleet of methanol-powered ships will be able to sail more sustainably. Currently, over 110 e-methanol-powered vessels have been ordered or are already in service, surpassing the 80 registered by the end of 2022. This trend is supported by the introduction of new regulations, such as FuelEU Maritime, which encourage the use of green marine fuels.

Start of production in 2025

The FlagshipONE project plans to start production in 2025, with an annual capacity of 50,000 tonnes of e-methanol. Originally developed by Swedish e-fuel company Liquid Wind, FlagshipONE will be located next to the combined heat and power plant Övik Energi, Hörneborgsverket, in Örnsköldsvik, where the groundbreaking event took place.

The event brought together political representatives from local, regional, national and international bodies, as well as business partners such as Siemens Energy, Carbon Clean and Topsoe. These companies will supply the electrolyzers, control system, carbon capture equipment and methanol synthesis equipment respectively. Local companies are also involved in the project, and its operation will generate direct and indirect employment in Örnsköldsvik.

The event in Örnsköldsvik underlined the importance of decarbonizing global shipping, and Sweden’s considerable potential to become a key player in e-methanol production. This green fuel is becoming the preferred route to zero-emission shipping in the 2020s. Sweden has many opportunities to develop renewable energies, such as onshore and offshore wind power, and benefits from a world-leading forestry industry, which supplies the biogenic carbon needed to produce e-methanol. Örnsköldsvik is an important center of the Swedish forestry industry, with a significant presence of advanced forestry industries.

Ørsted to expand in the Power-to-X energy field

Global shipping accounts for around 3% of the world’s carbon emissions, making it a sector of interest to Ørsted, which is keen to expand its Power-to-X energy presence in Northern Europe and the USA. FlagshipONE is the first e-methanol project in Ørsted’s ambitious green fuels strategy. The company is also developing the “Project Star” project, with a capacity of 300,000 tonnes per year in the Gulf of Mexico region of the United States, as well as the “Green Fuels for Denmark” project in Copenhagen, which will also produce large volumes of e-methanol for the decarbonization of maritime transport.

The FlagshipONE site is located on the site of the Hörneborgsverket biomass heating and cogeneration plant in Örnsköldsvik, operated by Övik Energi. The e-methanol produced by FlagshipONE will be made from renewable electricity and biogenic carbon dioxide captured from Hörneborgsverket. In addition, the e-methanol production processes will use steam, process water and cooling water from Hörneborgsverket, while excess heat will be reused by Övik Energi and integrated into their district heating system.

The Australian government will require up to 25% of gas extracted on the east coast to be reserved for the domestic market from 2027, in response to supply tensions and soaring prices.
Baker Hughes will deliver six gas refrigeration trains for Commonwealth LNG’s 9.5 mtpa export project in Louisiana, under a contract with Technip Energies.
Shanghai Electric begins a combined-cycle expansion project across four Iraqi provinces, aiming to boost energy efficiency by 50% without additional fuel consumption.
Zefiro Methane, through its subsidiary Plants & Goodwin, completes an energy conversion project in Pennsylvania and plans a new well decommissioning operation in Louisiana, expanding its presence to eight US states.
The Council of State has cancelled the authorisation to exploit coalbed methane in Lorraine, citing risks to the region's main aquifer and bringing an end to a legal battle that began over a decade ago.
Japanese power producer JERA will deliver up to 200,000 tonnes of liquefied natural gas annually to Hokkaido Gas starting in 2027 under a newly signed long-term sale agreement.
An agreement announced on December 17, 2025 provides for twenty years of deliveries through 2040. The package amounts to 112 billion new Israeli shekels (Israeli shekels) (NIS), with flows intended to support Egyptian gas supply and Israeli public revenues.
Abu Dhabi’s national oil company has secured a landmark structured financing to accelerate the development of the Hail and Ghasha gas project, while maintaining strategic control over its infrastructure.
U.S.-based Sawgrass LNG & Power celebrates eight consecutive years of LNG exports to The Bahamas, reinforcing its position in regional energy trade.
Kinder Morgan restored the EPNG pipeline capacity at Lordsburg on December 13, ending a constraint that had driven Waha prices negative. The move highlights the Permian’s fragile balance, operating near the limits of its gas evacuation infrastructure.
ENGIE activates key projects in Belgium, including an 875 MW gas-fired plant in Flémalle and a battery storage system in Vilvoorde, to strengthen electricity supply security and grid flexibility.
Hungary has signed a contract with US company Chevron to import 400mn m³ of LNG per year, while maintaining a structural dependence on Russian gas through a long-term agreement with Gazprom.
Chevron Australia awards Subsea7 a major contract for subsea installation on the Gorgon Stage 3 project, with offshore operations scheduled for 2028 at 1,350 metres depth.
Ovintiv has entered into an agreement with Pembina Pipeline Corporation to secure 0.5 million tonnes per annum of LNG liquefaction capacity over 12 years, strengthening its export outlook to Asian markets.
TotalEnergies has completed the sale of a minority stake in a Malaysian offshore gas block to PTTEP, while retaining its operator role and a majority share.
The European Union will apply its methane emissions rules more flexibly to secure liquefied natural gas supplies from 2027.
Venezuela has ended all energy cooperation with Trinidad and Tobago after the seizure of an oil tanker carrying crude by the United States, accusing the archipelago of participating in the military operation in the Caribbean.
National Fuel has secured $350mn in a private placement of common stock with accredited investors to support the acquisition of CenterPoint’s regulated gas business in Ohio.
GTT appoints François Michel as CEO starting January 5, separating governance roles after strong revenue and profit growth in 2024.
The United States is requesting a derogation from EU methane rules, citing the Union’s energy security needs and the technical limits of its liquefied natural gas export model.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.