SOURCE: Industrial Info Resources

November 12, 2009 05:00 ET

Plans for U.K. CCS Projects Suffer Setback, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - November 12, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- The U.K. market for carbon capture and storage (CCS) is on rocky ground this week despite the government's publishing a long-awaited framework for new coal-fired development. The "Framework for the Development of Clean Coal" lays out the government's plans for the future of coal-fired power and CCS, but the document arrived the same time that a consortium of Dong Energy (Copenhagen, Denmark), RWE npower (Swindon, England) and Peel Energy (Manchester, England) withdrew from the country's CCS competition, citing governmental delays as the reason for the withdrawal. This now leaves only two competitors in the running, E.ON AG (OTC:EONGY) (Dusseldorf, Germany) and ScottishPower (Glasgow, Scotland). The CCS competition was launched in March 2007, but despite strenuous vocal support, the government still has not chosen the projects that will receive funding. BP plc (NYSE:BP) (London, England) withdrew from the competition in mid-2007, claiming the government was taking too long to pick the winners.

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