Ørsted to acquire a 45% stake in FlagshipONE from Liquid Wind.

Ørsted, a provider of utility services, agreed to acquire a 45% stake in FlagshipONE, a e-methanol project, from Liquid Wind, a developer of carbon-neutral liquid-fuel technology. Financial terms were not disclosed. “Ørsted has set the clear strategic ambition of building a global leadership position within renewable hydrogen and green fuels, and our investment in FlagshipONE is a clear proof of our commitment to this ambition. Like we did with offshore wind, we are at Ørsted ready to be a driving force in maturing the green fuels industry, where we can play a significant role in decarbonising hard-to-abate sectors like maritime transport," Martin Neubert, Ørsted CCO and Deputy Group CEO.