Major Grangemouth CCS project secures £4.2m

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A major carbon capture and storage (CCS) project in Grangemouth, Scotland has secured funding worth £4.2 million.
Westminster and Holyrood awarded £1.7 million and £2.5 million respectively for the proposed 570MW CCS coal-fired power station.
It is expected to capture 90% of carbon emissions which would then be transported via existing pipelines for permanent storage two kilometres beneath the North Sea.
Seattle-based Summit Power Group will carry out an 18-month industrial research and feasibility study for the design, finance and construction of their Caledonia Clean Energy Project.
Energy Secretary Ed Davey said: “The UK is one of the world’s frontrunners in this sector and the UK Government is leading Europe with its support of the two competition projects at Peterhead in Scotland and White Rose in Yorkshire.
“Developing CCS more widely is vital if it is to become cost-competitive technology and I’m excited at the prospect of Grangemouth contributing to the UK’s low carbon future.”
Reports published earlier this month said developing a 10GW scale CCS sector by 2030 is “feasible and affordable” in the UK and it is the only technology that can help decarbonise the heavy industry.