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. Three of the UK’s short listed bids also applied for European Commission funding from New Entrant Reserve (NER) allowances. The UK Government has written to the Commission to inform them that it is willing to support these projects in the Commission’s Competition, subject to their ultimate success in the UK Competition. The Commission will make a final decision on whether to support a UK CCS project at the end of the year. Following further decisions in the new year the UK Government expects that projects will undertake engineering studies before final decisions to build. Background Information The UK Department of Energy & Climate Change (DECC) published the first UK CCS Roadmap on 3 April 2012 ...Zum vollständigen Artikel

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