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Capture Power Limited recently welcomed the UK Government’s announcement that it has selected the White Rose CCS Project for funding under the UK CCS Commercialization Program. Funding is to be awarded for Front End Engineering and Design (FEED) work, which is the next step in the development process.
This latest stage in the program comes after a period of detailed commercial discussions with the Government following the short-listing of four projects from the initial list of eight. The White Rose CCS Project was scrutinized against criteria including project deliverability, value for money and the UK’s timetable to deliver a cost-competitive CCS industry in the 2020s. Capture Power will now continue to work with DECC with a view to concluding a Project Contract for the construction and operation of the full chain CCS project within the next 18 months.
Located on the land adjacent to the existing Drax Power Station, near Selby in North Yorkshire, the 426MW power plant will burn coal with the added ability to co-fire sustainable biomass and meet the equivalent power needs of over 630,000 homes. Fully equipped with CCS technology from the outset, 90 percent of all the CO2 produced by the plant will be captured and transported by pipeline for permanent storage deep beneath the North Sea seabed.