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

Cecilia Keating
Author spotlight

Cecilia Keating

View profile
More from Cecilia Keating

We need the transition to a low-carbon economy to reverse historic injustices

Why the Women in Green Business Awards is more important than ever

More on Energy

Oil and gas giants report upstream methane emissions are down 61 per cent in last decade
Energy

Oil and gas giants report upstream methane emissions are down 61 per cent in last decade

Oil and Gas Climate Initiative members claim to have hit collective carbon and methane targets for 2025, despite production increases

Stuart Stone
Stuart Stone
clock 01 October 2026 • 5 min read
Study: Freezing food at -15C could cut energy consumption seven per cent
Energy

Study: Freezing food at -15C could cut energy consumption seven per cent

Research published by Nomad Foods provides further evidence keeping frozen foods at slightly higher temperatures is safe and delivers significant emissions and energy savings

Amber Rolt
clock 30 September 2026 • 2 min read
Energy bill price cap forecast to climb further 16 per cent in January
Energy

Energy bill price cap forecast to climb further 16 per cent in January

Cornwall Insight expects energy price cap for average UK household to rise a further £276 from the start of next year, as fallout from Iran war continues to bite

James Murray
James Murray
clock 30 September 2026 • 4 min read