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

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

'The future is electric': Statistical Review of World Energy confirms wind and solar grew nine times faster than total energy demand

'The future is electric': Statistical Review of World Energy confirms wind and solar grew nine times faster than total energy demand

Influential report reveals the global renewables boom is continuing, but fossil fuel demand still rose last year

James Murray
clock 26 June 2025 • 6 min read
OVO launches first Climate Transition Plan

OVO launches first Climate Transition Plan

Energy firm declares home heating the 'next front line in the climate fight' in its inaugural Climate Transition Plan

Stuart Stone
clock 25 June 2025 • 3 min read
Report: Global renewables progress off track, despite record increases in capacity

Report: Global renewables progress off track, despite record increases in capacity

Renewables investment is setting new records, but REN21 warns trade barriers, market uncertainty, and policy gaps mean the world remains off track to meet global goal of tripling renewables generation by 2030

Michael Holder
clock 24 June 2025 • 3 min read