Industry leaders collaborate to establish Europe's first green e-fuels hub
Stena Line, DFDS, Ørsted and Liquid Wind partner with the Port of Gothenburg to establish an electromethanol (e-fuels) hub. As the largest port in Scandinavia, Gothenburg is the ideal choice for the first delivery and bunkering point for green e-fuels. With the intent to launch in 2025, this pioneering venture is a tangible step towards a carbon neutral shipping industry.
Cross-sector collaboration for zero-emission shipping
Stena Line, a Swedish ferry line company with an extensive European route network and DFDS, a leading European Shipping and Logistics company are partnering with FlagshipONE which is jointly owned by Ørsted, the most sustainable energy company in the world, and Liquid Wind, the leading developer of eMethanol projects in Europe.
FlagshipONE, which is in late-stage development and approaching a final investment decision, will be the largest e-fuels facility in the world, producing 50,000 tonnes of eMethanol annually. This collaboration is supported by the Port of Gothenburg, the first shipping port to actively pursue a green fuels policy ensuring carbon neutral operations by 2030.
The announcement event was visited by the Swedish Minister for Energy and Digital Development Khashayar Farmanbar. The Minister welcomed the initiative as an important milestone for carbon neutral shipping. At the press meeting, he expressed an understanding of the need to support the introduction of green electrofuels for shipping and an ambition to find ways forward to financially support the green transition.
The five companies will now work together to launch the first renewable, 'Made in Sweden’ marine fuel, to encourage more companies to choose carbon neutral e-fuels. The commitment to e-fuels made by the pioneering shipping companies is proof of their ambition to catalyse the transition to carbon neutral shipping.
Niclas Mårtensson, CEO of Stena Line, comments:
"Being an industry leader within sustainability, Stena Line has the ambition to achieve a climate neutral operation. This partnership is yet another proof point of our dedication to reduce our carbon footprint. We cannot achieve this on our own – a strategic collaboration across the value chain will be a win-win for all stakeholders in this exciting project."
Torben Carlsen, CEO of DFDS, says:
"We are excited that customers, suppliers and competitors alike show commitment and collaborate to decarbonise our industry. With eMethanol from this partnership, DFDS is adding a new e-fuel possibility to deliver on our promise to operate a green vessel latest by 2025.”
Olivia Breese, Senior Vice President, Ørsted P2X, says:
"Ørsted is excited about the opportunity to support the Port of Gothenburg, DFDS and Stena Line in their ambition to decarbonise their marine operations by using green e-fuel to be produced at FlagshipONE in Sweden. We certainly appreciate the effort by all stakeholders to be present here today, and I'm very pleased that Ørsted can continue to lead the energy transition for the shipping sector."
Claes Fredriksson, CEO and Founder of Liquid Wind, comments:
"We are honoured to have the minister present here at the Port of Gothenburg, at this pivotal moment when the 5+ years of development work that Liquid Wind has put in, meets the reality of real customers, Stena Line and DFDS, leading to the conclusion of long-term agreements that will allow FlagshipONE to establish and construct the first full-scale electrofuel facility in Europe or perhaps even the world. The Minister's support for a large-scale introduction of electrofuels is encouraging going forward. We look forward to a continued constructive dialogue with the Government on how to ensure financial prerequisites for the production of green electrofuels in Sweden."
Elvir Dzanic, CEO of the Port of Gothenburg, comments:
"The Port of Gothenburg has set out to reduce CO2-emissions by 70% within the port area by 2030. This is an extremely important goal for us, but something we cannot achieve on our own. Therefore, we are delighted to have a supplier like Liquid Wind and committed ship owners like Stena Line and DFDS taking these ambitious steps that will make a huge difference towards achieving that goal."
About green e-fuels:
Green e-fuels are on track to replace fossil fuels for maritime propulsion for true decarbonisation in the hard-to-abate shipping sector. According to the Maersk Mc-Kinney Møller Center for Zero Carbon Shipping, eMethanol offers a number of advantages as marine fuel. It has more manageable handling requirements than other e-fuels and eMethanol engines are already commercially available. Despite clean, renewable sources of energy being a critically important component of global shipping’s decarbonisation efforts, the Center estimates that we’ll need additional support from other levers to fully realise the maritime industry’s zero-carbon ambitions.
Green electrofuel, eMethanol, is made from 100% biogenic sources combined with 100% renewable wind energy. It doesn’t add CO2 to the atmosphere. And it’s designed to help the world significantly reduce its carbon footprint.
For more information reach out to:
Klaudija Cavala
Head of Digital & Marketing Communications
klaudija@liquidwind.se
About Liquid Wind
Liquid Wind is an electrofuel development company committed to reducing CO2 emissions. The company develops, finances, builds, and manages replicable facilities to produce green electrofuel to accelerate the transition to carbon neutral shipping. The facilities will produce renewable liquid fuel, so that Liquid Wind can offer its customers the opportunity to quickly reach their sustainability goals. In 2021, Liquid Wind was named one of 5 Top Energy Start-ups globally by StartUs Insights. For more information, please visit liquidwind.se or follow us on LinkedIn and Twitter.
About Ørsted
Ørsted is the world’s first and largest offshore wind developer that also works across onshore wind, solar energy, and Power-to-X around the world. Ørsted’s P2X pipeline currently includes projects amounting to more than 3 GW. In March 2022, Ørsted entered the United States P2X market by signing an LoI to fuel Maersk’s newly ordered e-methanol powered vessels. The agreement is the largest such deal for green fuels in the global maritime industry.
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Moreover, Ørsted provides energy products to its customers. Ørsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi), and Ørsted aims to deliver a net-positive biodiversity impact from all new renewable energy projects it commissions from 2030 at the latest. Ørsted ranks as the world’s most sustainable energy company in Corporate Knights' 2022 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 7,016 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter.
About Stena Line
Stena Line is one of Europe's leading ferry companies with 38 vessels and 18 routes in Northern Europe operating 25,000 sailings each year. Stena Line is an important part of the European logistics network and develops new intermodal freight solutions by combining transport by rail, road and sea. Stena Line also plays an important role for tourism in Europe with its extensive passenger operations. The company is family-owned, was founded in 1962 and is headquartered in Gothenburg. Stena Line has 5,100 employees and an annual turnover of 14 billion SEK. For more information please visit www.stenaline.com.
About DFDS
DFDS, a leading European Shipping and Logistics company providing safe, reliable and efficient movement of people and goods. DFDS has more than 11,000 diverse and talented colleagues committed to transforming our business into a greener and more digitised operation. We are proud of our role as part of the critical infrastructure serving customers and communities across Europe, including Turkey.
Founded in 1866, listed on Nasdaq and headquartered in Copenhagen, Denmark, DFDS serves more than 10.000 freight customers and five million passengers a year, generating an annual revenue of around DKK 25bn.
About Port of Gothenburg
The Port of Gothenburg is the largest port in Scandinavia. Around 30% of Swedish domestic and foreign trade passes through the Port of Gothenburg and over 50% of all container traffic. The port is a full-service port, and offers industry guaranteed, climate-smart access to the whole world. Direct services to key markets ensure highly efficient, sustainable, and reliable transport 24 hours a day, 365 days a year. The focus is firmly on sustainability, innovation, and digitalisation in a concerted effort to maintain the ongoing development of climate-efficient freight transport and calls by vessels. With over 30 rail shuttles offering daily departures, companies throughout Sweden and Norway have a direct, climate-neutral service to the Port of Gothenburg. The port handles energy products, vehicles, ro-ro units, containers and passengers. 22,000 people are employed at the port.
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