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A.P. Moller - Maersk and Ørsted have signed a letter of intent (LOI) about partnering on a new Power-to-X facility in the USA. On the US Gulf Coast, Ørsted will develop a 675 MW Power-to-X facility that will produce approx. 300,000 tonnes of e-methanol per year, which Maersk will offtake for its newly ordered fleet of 12 methanol-powered vessels.
 
The facility will be powered by approx. 1.2GW of renewable energy from new onshore wind and solar PV farms. The biogenic carbon needed to produce e-methanol will be extracted through carbon capture at one or more large point sources. The project is targeted to be commissioned in the second half of 2025. Final investment decision could be made in late 2023.
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