30 Oct '12, 9am

Short list for UK’s £1bn CCS competition announced,

Four bidders have been short listed for the next phase of the UK’s £1bn Carbon Capture and Storage (CCS) competition. The UK is providing funding to support the development of CCS technology, which if developed at scale, could allow the safe removal and storage of harmful carbon emissions from coal and gas plant. The four were selected from eight bids received after a thorough evaluation process that considered project deliverability, value for money, and the Government’s timetable to deliver a cost-competitive CCS industry in the 2020s. The successful projects are now being invited to take part in a period of intensive commercial negotiations with Government before decisions on which projects to support further are taken in the new year. Secretary of State for Energy and Climate Change, Edward Davey said: “We have received some quality bids from industry who have really r...

Full article: http://www.decc.gov.uk/en/content/cms/news/pn12_136/pn12_...

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