Shippax , Shippax Ferry Conference’s Post

View profile for Shippax , Shippax Ferry Conference, graphic

Ferry, cruise and ro-ro information. Organizer of the annual onboard Shippax Ferry Conference

At COP28, Ørsted announced that the EU-Catalyst Partnership, which consists of the European Commission, Breakthrough Energy Catalyst, and the European Investment Bank (EIB) Bank, has vowed to support Ørsted’s FlagshipONE project, Europe’s largest e-methanol plant for shipping. Breakthrough Energy Catalyst will acquire a 15 % equity interest in FlagshipONE and provide a grant to the project, subject to the fulfilment of funding conditions. FlagshipONE  is expected to produce up to 55,000 tonnes of e-methanol each year and is located on the grounds of the Swedish biomass-fired combined heat and power plant ‘Hörneborgsverket’ in Örnsköldsvik, operated by Övik Energi. The e-methanol from FlagshipONE will be produced using renewable energy, which is almost exclusively the electricity source in this part of Sweden, and biogenic carbon dioxide captured from Hörneborgsverket. In addition, FlagshipONE will use steam, process water, and cooling water from Hörneborgsverket, and excess heat from the e-methanol production process will be delivered back to Övik Energi and integrated into their district heating supply. https://lnkd.in/ebcbzMiF

Bill Gates founded Breakthrough Energy Catalyst to support the Swedish based e-methanol producer FlagshipONE

Bill Gates founded Breakthrough Energy Catalyst to support the Swedish based e-methanol producer FlagshipONE

shippax.com

To view or add a comment, sign in

Explore topics