Released October 09, 2009 | GALWAY, IRELAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--Only one of the four carbon capture and storage (CCS) projects in the United Kingdom is likely to receive vital funding from the European Commission (EC).
Reports leaked this week suggest that the proposed 900-megawatt (MW) coal-fired integrated gas combined-cycle plant in Hatfield, South Yorkshire, owned by Powerfuel Power Limited (Doncaster, England), will receive up to 180 million euros ($265 million) in funding from the EC to build a demonstration CCS plant at the site. The money is being allocated by the European Energy Programme for Recovery fund, which is under EC control and is part of a 1.05 billion euro ($1.55 billion) war chest set aside for European carbon-capture projects.
The potential losing power stations are Longannet, in Fife, Scotland; Tilbury in Essex; and Kingsnorth in Kent, which are respectively owned and operated by ScottishPower (Glasgow, Scotland), Tilbury Green Power Limited, and E.ON AG (OTC:EONGY) (Dusseldorf, Germany).
IIR Europe contacted Powerfuel, but the company declined to comment on the reports. A spokesperson for the company said: "The company has not made any announcement yet. The selection process is still ongoing as far as we are concerned."
The original list of potential candidates for EC funding contained 13 projects, but this has now been whittled down to six. An official selection of the six projects in line to share the 1.05 billion euro funding will be presented to the European Parliament in the coming weeks. In addition to Hatfield, the other winning projects are Endesa SA's (MCE:ELE) (Madrid, Spain) Compostilla in Spain; Vattenfall AB's (Stockholm, Sweden) Jaenschwalde plant in Germany; PGE Elektrownia's Belchatow plant in Poland; and the Maasvlakte power plant in Rotterdam, Netherlands, which is owned by E.ON Benelux (Rotterdam). These four plants will receive similar amounts of funding as Hatfield, while the Italian Porto Tolle plant near Venice, owned by Enel SpA (BIT:ENEL) (Rome, Italy), is expected to get about 100 million euros.
The news that Scotland's CCS project at Longannet is out of the running for an EC grant has been greeted by disappointment from numerous quarters.
Richard Dixon, director of the Scottish branch of the World Wildlife Fund for Nature, said: "It is disappointing Longannet has not been chosen this time around. We sincerely hope it will get some form of support to properly test this technology soon, whether it is from Europe, or as a winner of the U.K. government's own CCS competition.
"The world urgently needs technology that will reduce our climate emissions, and Scotland is very well placed to take a global lead in this important field. The power sector is responsible for more than a third of Scotland's CO2 emissions, most of it from burning coal. CCS is a potentially important technology which could help reduce emissions around the world."
It is likely that Hatfield is obtaining funding because of the plant's location and Powerfuel's plans for deep sea storage of the captured CO2. The company has signed a preliminary agreement with gas field owner ConocoPhilips (NYSE:COP) (Houston, Texas) to store carbon in the depleted Viking gas field off the eastern coast of England. There is also a cluster of power plants in the Humber region that could benefit from Hatfield's CCS technology and the planned deep-sea storage network, including the 3,900-MW Drax coal-fired plant, which provides about 7% of the U.K's electricity. For additional information, see related news item from September 12, 2009 - U.K. Carbon-Capture Project to Use Deep-Sea Storage.
View Plant Profile - 1087990 1054591 1078259 1078676 1073074
Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news.
Reports leaked this week suggest that the proposed 900-megawatt (MW) coal-fired integrated gas combined-cycle plant in Hatfield, South Yorkshire, owned by Powerfuel Power Limited (Doncaster, England), will receive up to 180 million euros ($265 million) in funding from the EC to build a demonstration CCS plant at the site. The money is being allocated by the European Energy Programme for Recovery fund, which is under EC control and is part of a 1.05 billion euro ($1.55 billion) war chest set aside for European carbon-capture projects.
The potential losing power stations are Longannet, in Fife, Scotland; Tilbury in Essex; and Kingsnorth in Kent, which are respectively owned and operated by ScottishPower (Glasgow, Scotland), Tilbury Green Power Limited, and E.ON AG (OTC:EONGY) (Dusseldorf, Germany).
IIR Europe contacted Powerfuel, but the company declined to comment on the reports. A spokesperson for the company said: "The company has not made any announcement yet. The selection process is still ongoing as far as we are concerned."
The original list of potential candidates for EC funding contained 13 projects, but this has now been whittled down to six. An official selection of the six projects in line to share the 1.05 billion euro funding will be presented to the European Parliament in the coming weeks. In addition to Hatfield, the other winning projects are Endesa SA's (MCE:ELE) (Madrid, Spain) Compostilla in Spain; Vattenfall AB's (Stockholm, Sweden) Jaenschwalde plant in Germany; PGE Elektrownia's Belchatow plant in Poland; and the Maasvlakte power plant in Rotterdam, Netherlands, which is owned by E.ON Benelux (Rotterdam). These four plants will receive similar amounts of funding as Hatfield, while the Italian Porto Tolle plant near Venice, owned by Enel SpA (BIT:ENEL) (Rome, Italy), is expected to get about 100 million euros.
The news that Scotland's CCS project at Longannet is out of the running for an EC grant has been greeted by disappointment from numerous quarters.
Richard Dixon, director of the Scottish branch of the World Wildlife Fund for Nature, said: "It is disappointing Longannet has not been chosen this time around. We sincerely hope it will get some form of support to properly test this technology soon, whether it is from Europe, or as a winner of the U.K. government's own CCS competition.
"The world urgently needs technology that will reduce our climate emissions, and Scotland is very well placed to take a global lead in this important field. The power sector is responsible for more than a third of Scotland's CO2 emissions, most of it from burning coal. CCS is a potentially important technology which could help reduce emissions around the world."
It is likely that Hatfield is obtaining funding because of the plant's location and Powerfuel's plans for deep sea storage of the captured CO2. The company has signed a preliminary agreement with gas field owner ConocoPhilips (NYSE:COP) (Houston, Texas) to store carbon in the depleted Viking gas field off the eastern coast of England. There is also a cluster of power plants in the Humber region that could benefit from Hatfield's CCS technology and the planned deep-sea storage network, including the 3,900-MW Drax coal-fired plant, which provides about 7% of the U.K's electricity. For additional information, see related news item from September 12, 2009 - U.K. Carbon-Capture Project to Use Deep-Sea Storage.
View Plant Profile - 1087990 1054591 1078259 1078676 1073074
Industrial Info Resources (IIR) is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy related markets. For more than 26 years, Industrial Info has provided plant and project opportunity databases, market forecasts, high resolution maps, and daily industry news.
