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MarketScreener Homepage  >  Equities  >  Nasdaq Copenhagen  >  Orsted A/S    ORSTED   DK0060094928


Real-time Estimate Quote. Real-time Estimate Cboe Europe - 04/12 10:59:45 am
1046 DKK   -0.38%
04/09SAUDI ARABIAN OIL  : Norway wealth fund should invest in fewer companies, government says
04/08High stakes at sea in global rush for wind power
04/08ORSTED  : Jefferies sticks Neutral
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

195;rsted A/S Ørsted To Develop One Of The World's Largest Renewable Hydrogen Plants To Be Linked To Industrial Demand In The Netherlands And Belgium

03/31/2021 | 02:16am EDT
   'SeaH2Land' is an ambitious vision, linking GW-scale electrolysis to the 
large industrial demand in the Dutch-Flemish North Sea Port cluster 
through an envisaged regional cross-border pipeline. The green 
electricity required to produce the renewable hydrogen is proposed to 
come from the build-out of additional large-scale offshore wind. The 
major industrial companies in the region ArcelorMittal, Yara, Dow 
Benelux, and Zeeland Refinery, support the development of the required 
regional infrastructure to enable sustainably-produced steel, ammonia, 
ethylene, and fuels in the future, helping the Netherlands and Belgium 
to accelerate their carbon reductions towards 2030 and beyond. 
   GW-scale electrolysis and large industrial demand 
   The SeaH2Land vision includes a renewable hydrogen production facility 
of 1 GW by 2030 to be developed by Ørsted. If realised, the 
electrolyser, which will produce the renewable hydrogen, can convert 
about 20 % of the current hydrogen consumption in the region to 
renewable hydrogen. 
   With 580,000 tonnes per year, the North Sea Port cluster is one of the 
largest production and demand centres of fossil hydrogen in Europe 
today. Driven by decarbonisation efforts, industrial demand in the 
cluster could grow to about 1,000,000 tonnes by 2050, equivalent to 
roughly 10 GW of electrolysis. 
   GW electrolyser directly linked to new 2 GW offshore wind farm 
   Ørsted proposes to connect the GW electrolyser directly to a new 2 
GW offshore wind farm in the Dutch North Sea. This will enable the 
large-scale supply of renewable electricity required for production of 
renewable hydrogen and fits well with the ambitions of the Dutch 
authorities for an accelerated offshore wind roll-out in line with 
increasing electricity demand. The offshore wind farm could be built in 
one of the zones in the southern part of the Dutch exclusive economic 
zone that has already been designated for offshore wind development. 
   Regional infrastructure and hydrogen exchange between big industrial 
   The industrial players in the region, united in the Smart Delta 
Resources (SDR) industry partnership, will continue the dialogue with 
TSOs for them to develop a regional open-access pipeline network of 
about 45 km, stretching across the North Sea Port area from 
Vlissingen-Oost (NL) to Gent (BE). 
   The GW electrolyser is proposed to link to the envisaged regional 
pipeline system connecting large-scale consumption and production in the 
cluster. Yara, in consortium with Ørsted, and Zeeland Refinery have 
each announced plans for mid-size renewable hydrogen production at their 
sites, while Dow has been exporting hydrogen to Yara since 2018 through 
the world's first conversion of a gas pipeline into hydrogen. The 
network can be extended further south to ArcelorMittal as a short-term 
no-regret and further north, underneath the river Scheldt, to Zeeland 
Refinery, as a crucial link to create a unique regional ecosystem of 
hydrogen exchange with significant carbon reduction in the manufacturing 
processes of ammonia, chemicals, and steel and a significant 
contribution to the European Green Deal. 
   Moreover, the cluster strategy proposes to extend the 380 kV 
high-voltage network for the electrification needs of the industry south 
of the river Scheldt. This would enable GW-sized electrolysis and 
offshore wind landing zones on both sides of the river, turning the 
cluster into a true energy hub. 
   Phased build-out of electrolyser capacity 
   Subject to a regulatory framework being in place, the regional network 
will unlock the first phase of SeaH2Land, which comprises 500 MW of 
electrolyser capacity. The second phase of SeaH2Land which scales the 
electrolyser capacity to 1 GW will require the possibility to connect to 
a national hydrogen backbone, providing additional flexibility and 
storage. Several locations north and south of the river Scheldt have 
been identified for GW-scale electrolysis. In the meantime, several 
projects are being developed in the region on the sites of industrial 
players, such as Zeeland Refinery's envisaged 150 MW electrolyser, which 
are also to be connected to the network. 
   Dialogue with regulatory authorities 
   The partnership will now move forward and engage in dialogue with the 
regulatory authorities on the framework and policies needed to support 
the development of renewable hydrogen linked to large-scale offshore 
wind, the regional infrastructure, and conduct a full feasibility study 
of the project. This ambition fits well with the Hydrogen Delta 
Programme for the region, developed by Smart Delta Resources -- the 
association of industrial companies in the region -- and supported by 
the Provinces of Zeeland and Oost-Vlaanderen. 
   Roles between partners 
   If realised as envisaged, Ørsted -- the world leader in offshore 
wind -- will develop the offshore wind farm and electrolyser. North Sea 
Port -- the port stretching from Zeeland (NL) into Flanders (BE) -- and 
Smart Delta Resources will take the lead in developing the regional 
infrastructure in close collaboration with the TSOs, supported by the 
provinces of Zeeland and Oost-Vlaanderen. The biggest industrial 
companies in the region, ArcelorMittal -- the world's largest steel 
producer outside China, Yara -- the world's leading ammonia producer, 
Dow -- one of the biggest material science companies in the world, and 
Zeeland Refinery -- owned by leading oil and gas companies and a 
co-supplier of low-carbon hydrogen to the network - will continue to 
take part in the hydrogen exchange in the industrial cluster. The 
industrial demand in the region will provide the offtake of renewable 
hydrogen when the right framework conditions and economics are in place. 
   Martin Neubert, Chief Commercial Officer and Deputy Group CEO, 
Ørsted, says: 
   "The Dutch-Flemish North Sea Port covers one of the largest hydrogen 
clusters in Europe. As the world looks to decarbonise, it's paramount 
that we act now to secure the long-term competitiveness of European 
industry in a green economy. The SeaH2Land project outlines a clear 
vision and roadmap for large-scale renewable hydrogen linked to new 
offshore wind capacity. With the right framework in place, the 
Netherlands and Belgium can leverage the nearly unlimited power of 
offshore wind to significantly advance renewable hydrogen as a true 
European industrial success story." 
   Michael Schlaug, Plant Manager, Yara Sluiskil, says: 
   "As one of the largest consumers of hydrogen, Yara welcomes visionary 
initiatives that can spur the development of a green hydrogen market in 
the Zeeland region." 
   Manfred Van Vlierberghe, CEO, ArcelorMittal Belgium, says: 
   "ArcelorMittal Belgium maintains its leading role in the field of 
climate and the environment. We do this by focusing strongly on 
circularity, gradually replacing raw materials with resources based on 
waste streams and converting by-products into new raw materials. In 
addition, we also focus on using hydrogen, both in our existing 
processes and in novel technologies. Our ambition is to build a hydrogen 
pipeline between Dow in Terneuzen and ArcelorMittal in Ghent. We also 
aim to increase the use of green hydrogen, and for this our 
collaboration with Ørsted is an important step. Together with our 
partners in the Smart Delta Region, we will develop an ecosystem with a 
great complementarity of companies and knowledge centers." 
   Anton van Beek, Chairman of the Board, Dow Benelux, says: 
   "A 380 kV connection to Zeeuws Vlaanderen will be critical to support 
large-scale direct electrification of Dow's world-scale ethylene plants 
in Terneuzen." 
   Daan Schalck, CEO, North Sea Port, says: 
   "North Sea Port welcomes the ambition of Ørsted to further develop 
the cross-border port as an important hydrogen cluster in Europe 
together with the big industrial companies in the region." 
   Nathalie De Muynck, General Manager, Zeeland Refinery, says: 
   "Let us create together the critical mass to kickstart the H(2) 
infrastructure, which is essential for the new H(2) developments in the 
   Steven Engels, General Manager Benelux, Ørsted, says: 
   "SeaH2Land will help the Netherlands to accelerate its offshore wind 
build-out and to work towards its ambition of 3-4 GW electrolyser 
capacity by 2030. SeaH2Land offers the Netherlands and Belgium an 
opportunity to get closer to realising its 2030 climate goals by 
reducing carbon emissions in the industrial sector. Governments can help 
this flagship project by putting in place a dedicated support mechanism 
and renewable hydrogen programme coupled to offshore wind. This should 
support the necessary industrial scaling to bring down the cost of 
renewable hydrogen." 
   Contact information 
   Ørsted Media Relations Netherlands 
   Stefan de Bruijn 
   +31 6 15 18 62 00 
   Ørsted Group Media Relations 
   MIchael Korsgaard 
   +45 99 55 94 25 
   -- EN_SeaH2Land_fact sheet 
   -- EN_Press Release SeaH2Land 

(END) Dow Jones Newswires

03-31-21 0215ET

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Sales 2021 55 411 M 8 856 M 8 856 M
Net income 2021 12 778 M 2 042 M 2 042 M
Net Debt 2021 24 305 M 3 885 M 3 885 M
P/E ratio 2021 34,9x
Yield 2021 1,18%
Capitalization 441 B 70 484 M 70 493 M
EV / Sales 2021 8,40x
EV / Sales 2022 7,93x
Nbr of Employees 6 179
Free-Float 44,8%
Duration : Period :
Orsted A/S Technical Analysis Chart | MarketScreener
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Technical analysis trends ORSTED A/S
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 26
Average target price 1 074,28 DKK
Last Close Price 1 050,00 DKK
Spread / Highest target 61,9%
Spread / Average Target 2,31%
Spread / Lowest Target -47,6%
EPS Revisions
Managers and Directors
Mads Nipper Group President & Chief Executive Officer
Marianne Wiinholt Chief Financial Officer
Thomas Thune Andersen Chairman
Lene Skole-Sørensen Deputy Chairman
Lynda Anne Armstrong Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ORSTED A/S-15.56%70 484
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IBERDROLA, S.A.-1.62%86 610