May 18th 2012
DECC outlines CCS competition lead applicants
The government published on Wednesday 16 May the list of companies interested in applying apply for funds from the new UK carbon capture and storage (CCS) competition. Publication of the list is intended to encourage further discussion within the CCS industry to support collaboration between companies and interested suppliers and is part of the approach the competition is taking to encourage the early development of the supply chain for CCS. A DECC spokesman said the department was working closely with industry "to create the maximum return for what is one of the best offers anywhere in the world". The competition will provide £1bn in capital funding to a full chain CCS project that can be completed between 2016 and 2020. Companies in the running include: Air Liquide; Alstom; Centrica (Hydrocarbon Resources); Costain Energy and Process; CO2 Deepstore; Doosan Power Projects; National Grid; and Peel Energy. The closing date for bids is 3 July.
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