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

Four Zeros Energy and Vergia AS join forces to advance UK green hydrogen project pipeline

Four Zeros Energy and Vergia AS join forces to advance UK green hydrogen project pipeline

Partners announce first project will be the £45m St Austell Green Hydrogen project in Cornwall

clock 06 August 2025 • 1 min read
'A huge milestone for Britain': Renewables provided half of the UK's electricity in 2024

'A huge milestone for Britain': Renewables provided half of the UK's electricity in 2024

Collective power output from Britain’s wind, solar, hydro and biomass plants reached a new record high last year, as fossil fuels plummeted to record lows

Michael Holder
clock 31 July 2025 • 6 min read
Ofgem pushes for 'fairer' energy cost allocation as clean power shift gathers pace

Ofgem pushes for 'fairer' energy cost allocation as clean power shift gathers pace

Energy regulator launches major review of how costs are allocated across Britain's energy system - from generation through to households - in bid to make energy bills fairer

clock 31 July 2025 • 3 min read