National Grid Planning $3 Billion North Sea Carbon Capture and Storage Network

JOHANNESBURG--February 13, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Since the turn of the century there has been a steady stream of proposals for carbon capture and storage (CSS) schemes worldwide. Many of the project proposals have been pilot schemes or have been based on the emissions of a single power generation or hydrocarbon project. The scale and overall scope of the CCS concept has now been upped by the plans of the United Kingdom's National Grid plc (NYSE:NGG) (London) to launch a new business entity, National Grid Carbon (NGC), which will create a pipeline network to carry carbon emissions from U.K. power stations for storage in the geological formations of old North Sea gas fields. Other companies featured: E.ON AG (OTC:EONGY), Drax Group plc (LSE:DRX), Scottish and Southern Energy plc (OTC:SSEZY)