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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) - The U.K. government has announced the two preferred bidders for its 1.2 billion ($1.6 billion) carbon capture and storage (CCS) fund.
The Peterhead Project in Aberdeenshire, Scotland, and the White Rose Project in Yorkshire, England have been named as the contenders for the Carbon Capture and Storage Commercialisation Programme Competition to develop commercial scale CCS technology that will lower the country's CO2 emissions.
The Peterhead project, led by Royal Dutch Shell (NYSE:RDS.A) (The Hague, Netherlands) and SSE plc (Perth, Scotland), is a 340-megawatt (MW) post-combustion capture retrofitted to part of an existing 1,180 MW Combined Cycle Gas Turbine power station at Peterhead, Scotland. The White Rose Project is an oxyfuel capture project at a proposed new 304 MW fully abated supercritical coal-fired power station on the Drax site in North Yorkshire. It is being led by Alstom S.A. (OTC:ALSMY) (Paris, France), Drax Group plc (LSE:DRX) (Selby, England), BOC and National Grid.
The government announced its shortlist of four projects last November. For additional information, see November 12, 2012, article - U.K. Reveals 'Final Four' Carbon Capture Projects.
The two projects that have failed to make the final round are:
Captain Clean Energy Project: A proposal for a new 570 MW fully abated coal Integrated Gasification Combined Cycle (pre-combustion) project in Grangemouth, Scotland with storage in offshore depleted gas fields. Led by Summit Power, involving Petrofac (CO2 Deepstore), National Grid and Siemens.
Teesside Low Carbon Project: A Pre-combustion coal gasification project (linked to c. 330 MWe net power generating capacity fuelled by syngas with 90% of CO2 abated) on Teesside, North East England with storage in depleted oil field and saline aquifer. A consortium led by Progressive Energy and involving GDF SUEZ, Premier Oil, and BOC.
"Today's announcement moves us a significant step closer to a Carbon Capture and Storage industry -- an industry which will help reduce carbon emissions and create thousands of jobs," noted Secretary of State for Energy and Climate Change, Edward Davey. "These two are major infrastructure projects potentially worth several billion pounds and could support thousands of construction jobs over the next few years. We had four excellent bids and I'd like to thank each one of them for their hard work. We will now be working swiftly to progress our preferred two, while making sure we continue to provide the best possible value to tax payers."
The Peterhead project will involve capturing around 90% of the carbon dioxide from part of the existing gas-fired power station at Peterhead before transporting it and storing it in a depleted gas field beneath the North Sea. The White Rose Project will also aim to 90% of the carbon dioxide from a new super-efficient coal-fired power station at the Drax site, before transporting and storing it in a saline aquifer beneath the southern North Sea.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
The Peterhead Project in Aberdeenshire, Scotland, and the White Rose Project in Yorkshire, England have been named as the contenders for the Carbon Capture and Storage Commercialisation Programme Competition to develop commercial scale CCS technology that will lower the country's CO2 emissions.
The Peterhead project, led by Royal Dutch Shell (NYSE:RDS.A) (The Hague, Netherlands) and SSE plc (Perth, Scotland), is a 340-megawatt (MW) post-combustion capture retrofitted to part of an existing 1,180 MW Combined Cycle Gas Turbine power station at Peterhead, Scotland. The White Rose Project is an oxyfuel capture project at a proposed new 304 MW fully abated supercritical coal-fired power station on the Drax site in North Yorkshire. It is being led by Alstom S.A. (OTC:ALSMY) (Paris, France), Drax Group plc (LSE:DRX) (Selby, England), BOC and National Grid.
The government announced its shortlist of four projects last November. For additional information, see November 12, 2012, article - U.K. Reveals 'Final Four' Carbon Capture Projects.
The two projects that have failed to make the final round are:
Captain Clean Energy Project: A proposal for a new 570 MW fully abated coal Integrated Gasification Combined Cycle (pre-combustion) project in Grangemouth, Scotland with storage in offshore depleted gas fields. Led by Summit Power, involving Petrofac (CO2 Deepstore), National Grid and Siemens.
Teesside Low Carbon Project: A Pre-combustion coal gasification project (linked to c. 330 MWe net power generating capacity fuelled by syngas with 90% of CO2 abated) on Teesside, North East England with storage in depleted oil field and saline aquifer. A consortium led by Progressive Energy and involving GDF SUEZ, Premier Oil, and BOC.
"Today's announcement moves us a significant step closer to a Carbon Capture and Storage industry -- an industry which will help reduce carbon emissions and create thousands of jobs," noted Secretary of State for Energy and Climate Change, Edward Davey. "These two are major infrastructure projects potentially worth several billion pounds and could support thousands of construction jobs over the next few years. We had four excellent bids and I'd like to thank each one of them for their hard work. We will now be working swiftly to progress our preferred two, while making sure we continue to provide the best possible value to tax payers."
The Peterhead project will involve capturing around 90% of the carbon dioxide from part of the existing gas-fired power station at Peterhead before transporting it and storing it in a depleted gas field beneath the North Sea. The White Rose Project will also aim to 90% of the carbon dioxide from a new super-efficient coal-fired power station at the Drax site, before transporting and storing it in a saline aquifer beneath the southern North Sea.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, and eight offices outside of North America, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
