Ørsted and Esvagt decided to invest in what the companies describe as the world’s first service operating vessel (SOV) that can run on green fuels.
The SOV will be powered by dual-fuel batteries and motors, capable of running on renewable e-methanol, produced from wind energy and biogenic carbon, resulting in an annual emissions reduction of approximately 4 500 tonnes of CO2, the companies said.
Esvagt will begin constructing the vessel in the second quarter of 2022. Once commissioned by the end of 2024, the SOV will begin serving the largest offshore wind farm in the world, Hornsea 2off the east coast of the UK.
The maritime sector would urgently need new green fuels, the cost of which is today higher than the fossil alternatives.
By ordering the new SOV, Ørsted and Esvagt said they were showing their commitment to a green marine sector and helping to create the demand needed to accelerate the reduction of green fuel costs for the marine industry.
The investment decision is also meant to send a clear signal that the future for service and installation vessels is green.
Ørsted intends to supply e-methanol for the new SOV.
An offshore wind farm already generates 99% fewer emissions than a coal-fired power plant, over the lifetime of the asset, including production, construction and installation. Ørsted and Esvagt’s decision should be a step on the road to mitigating the remaining emissions.
Furthermore, the decision to invest in the new green fuel SOV supports Ørsted’s aim to become carbon neutral in its power generation and own operations by 2025 and is a tangible example of the decarbonisation journey. of the company towards its scientific goal of reaching net zero. emissions across the entire value chain by 2040, says the world’s largest developer of offshore wind turbines.
Ørsted is the first energy company in the world to have a science-based net zero target, validated by the Science Based Targets initiative.
“As the world leader in offshore wind, it is only natural for Ørsted to take the lead in eliminating fossil fuels from the industry,” Marc Porterhead of offshore operations at Ørsted, said.
“We have set clear goals and a clear direction towards net zero emissions, and this new methanol-fueled SOV is tangible proof of our clear commitment to achieving those goals. The agreement with ESVAGT ticks many boxes for us, as it both helps to decarbonize our offshore operations while demonstrating our firm belief that green fuels based on renewable energy are the most viable solution to creating a green maritime sector. .
Over the past two years, Ørsted has built up a portfolio of green fuels projects, three of which focus on the production of e-methanol for shipping. The portfolio includes a recently announced project on the US Gulf Coast, which will supply 300,000 tons of e-methanol for AP Moller – Maersk’s zero-emission vessel fleet, as well as the “Green Fuels for Denmark” projects. and FlagshipONE in Sweden. The two projects can provide about 50,000 tons of e-methanol for shipment in 2024-2025.
“This is an important step with a real significant impact on the green transition. Ørsted and ESVAGT share an ambition for a sustainable future and, as an industry leader, we are committed to taking the lead in decarbonising the maritime industry. We are delighted and proud to be able to take this bold step with Ørsted to make offshore wind marine solutions fossil-free with an innovative new solution,” Soren Karasdirector of strategy and commerce at Esvagt, said.
Ørsted said the company has implemented a systematic approach to reducing emissions from its offshore logistics through efficiency initiatives including route optimizations and sailing at fuel-efficient speeds. The company has also introduced lightweight hybrid crew transfer vessels for increased fuel efficiency.
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