Ørsted buys into methanol project, pushing green transformation for shipping

Power utility Ørsted has struck a deal with Liquid Wind to acquire a 45-percent stake of e-methanol project Flagship One.

Photo: Ørsted

Ørsted wants more sustainable fuel and has thus bought into Swedish development project Flagship One, focusing on e-methanol production, with an ownership stake of 45 percent.

The purchase price of this share is undisclosed.

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