Ørsted scraps Flagship One green shipping fuels project in Sweden

Cecilia Keating
clock • 3 min read
A visualisation of the Flagship One project | Credit: Orsted
Image:

A visualisation of the Flagship One project | Credit: Orsted

Company announced plans to cancel Swedish e-methanol plant as it posted its first financial results following 'strategic review' of business

Ørsted has scrapped plans for a major green fuels plant in Sweden, citing slower-than-expected growth in the emerging market for low carbon e-fuels in Europe. Posting its latest financial results yesterday,...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Study: Europe on track to triple renewables capacity by 2050, but miss net zero goals

Study: Europe on track to triple renewables capacity by 2050, but miss net zero goals

Aurora Energy Research warns negative prices, market saturation, and grid congestion risk undermining clean power rollout across Europe

BusinessGreen staff
clock 13 January 2025 • 3 min read
Dark Green Group eyes plans for fleet of 12 urban green gas AD plants

Dark Green Group eyes plans for fleet of 12 urban green gas AD plants

Developer unveils plans to build a dozen anaerobic digestion plants that could process food waste from UK towns and cities

clock 10 January 2025 • 2 min read
Former Scottish coal mine to be converted into Europe's largest battery storage site

Former Scottish coal mine to be converted into Europe's largest battery storage site

Copenhagen Infrastructure Partners announce two new battery projects in Scotland with a combined 1.5GW of power capacity

clock 09 January 2025 • 3 min read