SOURCE: Industrial Info Resources

Industrial Info Resources

March 16, 2010 23:00 ET

E.ON and ScottishPower Awarded CCS Funding, an Industrial Info News Alert

GALWAY, IRELAND--(Marketwire - March 16, 2010) - Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- German energy giant E.ON AG (PINKSHEETS:EONGY) (Dusseldorf) and ScottishPower (Glasgow, Scotland) have been awarded critical funding by the U.K. government to advance their carbon capture and storage (CCS) projects at the Kingsnorth and Longannet coal-fired power plants. The companies will now be able to move their pilot projects to the next stage of development in preparation for ramping them up to full-scale CCS plants by the 2014 deadline.

Earlier this month, E.ON released details for making the 1,940-megawatt (MW) Kingsnorth plant in Kent the centre of a carbon-capture pipeline network. Rival ScottishPower has similar CO2-pipeline plans for its 2,304-MW Longannet plant in Fife, Scotland, recruiting Shell UK (London, England), a subsidiary of Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) and National Grid plc (NYSE:NGG) (London) to help create a viable method of transporting and storing captured CO2 under the sea bed.

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