Ørsted has signed a letter of intent (LOI) with Maersk to build a 675MW Power-to-X facility on the US Gulf Coast.
The facility, which will create approximately 300,000 tonnes of e-methanol per year, will supply Maersk’s recently ordered fleet of 12 methanol-powered vessels.
The Power-to-X facility will be powered by around 1.2GW of renewable energy generated from new onshore wind and solar photovoltaic (PV) farms.
The biocarbon required to produce e-methanol will be extracted via carbon capture at one or more large point sources, according to Ørsted.
The facility is expected to be operational in the second half of 2025, with a final investment decision likely to be made in late 2023.
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