EU funds £240m White Rose plan

Finance and Related Services

Europe’s one of the first carbon capture and storage (CCS) projects its the White Rose plan. It is being designed by Capture Power, that is a consortium of Alstom, BOC and Drax in cooperation with National Grid.

When completed, the plant should occupy approximately 90% of its carbon dioxide emissions, and store two million tonnes of carbon dioxide a year beneath the North Sea seabed.

A new 426MW clean coal power plant with a huge CO2 transport and storage network is to be constructed as per the plan.

White Rose is a sole CCS plan in Europe to be allocated funding underneath a NER300 partner programme, a European Commission account for innovative renewable energy technology.

The UK authorities has committed £100m to the White Rose project, along with another CCS plan in Peterhead.Read complete story at http://www.tendersontime.com/blog-detail/eu-funds-pound240m-white-rose-plan-140.php