Final investment decisions (FID) have been touted as the point where hydrogen project developers can breathe a sigh of relief. It’s the crucial stage where a company will decide whether to go ahead with a project or not.
A positive FID indicates that the business case has been ‘proven’ on paper. The engineering design is typically all but wrapped up – it’s time to start ordering major equipment and get shovels in the ground.
However, events in this month shattered that feeling of security when Danish energy firm Ørsted announced it would scrap plans for its FlagshipONE – its inaugural 55,000-tonne hydrogen-based e-methanol project in Sweden.
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