Following the recent announcement of Drax ending further investment into the White Rose Carbon Capture and Storage project, Capture Power has reiterated its commitment to delivering the project.
Leigh Hackett, CEO of Capture Power, commented: “Drax’s decision not to invest further in the project is disappointing, but we are keen to confirm that Capture Power remains committed to delivering the White Rose CCS Project. We can also confirm that we continue to work constructively with Drax on land, site services and shared infrastructure aspects to support the Project’s delivery.”
In association with National Grid, Capture Power plans to deliver the world’s first commercial scale, full chain, carbon capture and storage coal-fired power plant. The intention of the White Rose CCS project is t show that the commercialisation of CCS technology can provide reliable, competitively priced low-carbon electricity, helping to tackle climate change.
Hackett continued: “We are now well over halfway through the FEED study and we are progressing towards receiving development consent. The final investment decision for White Rose will be dependent on successful outcomes of the FEED study, funding arrangements and the proposed Contract for Difference market mechanism designed specifically to encourage investment in new, low carbon generation … The team at Capture Power is working hard to put the UK on the CCS map through delivering this groundbreaking project.”
Edited from press release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/coal/25092015/capture-power-dedicated-to-white-rose-ccs-project-2915/