Cleaner Tech
Wind Power Giant Will Make Green Shipping Fuel at Big Plant in Sweden
Orsted to develop site in Sweden to produce e-methanol as shipping sector looks to cut emissions in the coming years
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Danish renewable energy developer Orsted A/S will spend more than $145 million to develop a Swedish facility to produce low-carbon shipping fuel.
The site will be the largest of its kind in Europe, serving as a potential test case for the nascent market to cut emissions from the shipping industry. It’s a prospect that got a significant boost after the European Union agreed over the weekend to expand its carbon market to include emissions from the industry.