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high-prices-no-offtake-insufficient-incentives-why-orsted-scrapped-flagshipone
FlagshipONE © Ørsted
high-prices-no-offtake-insufficient-incentives-why-orsted-scrapped-flagshipone
FlagshipONE © Ørsted

High prices, no offtake, insufficient incentives: why Ørsted scrapped FlagshipONE

High prices, a lack of offtake and insufficient incentives led to Ørsted deciding to scrap its FlagshipONE hydrogen-based e-fuels project in Sweden, the Danish energy firm’s European boss has told H2 View.

The company today (August 15) revealed it would shelve its plans of developing the 55,000-tonne e-methanol plant in Örnsköldsvik, despite having taken a final investment decision (FID) two years ago.

Read more: Ørsted shelves Swedish e-fuels project but reaffirms commitment to hydrogen

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