Peterhead Carbon Capture And Storage Project


Government announces FEED study funding for the Peterhead Carbon Capture and Storage (CCS) Project, as part of the CCS Commercialisation Competition


Published on 24 February 2014


by Department of Energy & Climate Change

(WireNews+Co)

London, England

Edward Davey is at Peterhead today announcing funding for the next stage of Shell’s Peterhead CCS project.

The FEED study will allow a detailed programme of engineering, planning and financial work to finalise and de-risk all aspects of the proposal ahead of taking the final investment decisions.

Peterhead power station

The Peterhead power station is a Combined Cycle Gas Turbines (CCGT) station owned and operated by Scottish and Southern Energy near Peterhead in Aberdeenshire.

Peterhead is situated on the coast, and lies close to available pipelines that can safely transport CO2. The Goldeneye depleted gas field is about 100km offshore in the North Sea.

The Project will investigate capturing more than 85% of CO2 emissions that would otherwise be emitted to the air; this CO2 will then be transported by pipeline to the Goldeneye platform in the North Sea for storage in a depleted gas reservoir about 2.5km below the sea bed.

The UK and CCS

The UK is a global leader in CCS, progressing the next stage of the world’s first gas CCS project which if built could capture 1 million tonnes of CO2 each year and provide clean electricity for more than 500,000 homes.

In December 2013, the Secretary of State announced support for the White Rose CCS project to develop a new state-of-the-art clean coal power plant with full carbon capture and storage.

The Government is investing around £100m in the White Rose and PetereadCCS projects.

By 2050, CCS could provide more than 20% of the UK’s electricity and save us more than £30bn a year in meeting our climate targets.

The government is working with industry to create a new cost-competitiveCCS industry in the 2020s. Our support for the development of CCSincludes:

  • a £1 billion commercialisation competition to support practical experience in the design, construction and operation of commercial-scale CCS
  • a £125 million, 4-year co-ordinated research, development and innovation programme
  • reform of the UK electricity market so CCS will be able to compete with other low-carbon energy sources

For more information about this press release including details on How It Works and contact details visit https://www.gov.uk/government/news/peterhead-carbon-capture-and-storage-project

 


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Posted 2014-02-24 14:17:00