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E.ON UK Calls for Financial Support to Develop CCS Technology
  UK
Wednesday, March 18, 2009
Source: ISTOCKANALYST
Article Type: Reprinted
 
E.ON UK has called for the UK government's forthcoming coal consultation to identify sufficient incentives for companies developing carbon capture and storage. Providing such incentives are put in place, the company has also committed to fit the new technology to its proposed coal units at the Kingsnorth power station.
 
The company has also announced the start of field work to identify potential CO2 pipeline routes in Kent. The survey work aims to find the best locations for the pipelines that could eventually be used to carry captured CO2 from the proposed cleaner coal units at Kingsnorth to North Sea gas fields for storage.
 
Paul Golby, CEO of E.ON UK, said: "We are very supportive of the government's decision to consult on this important issue and are urging them to come forward with the right policy that will allow companies like E.ON to develop critical carbon capture and storage (CCS) technology.
"We have effective policies on nuclear and I think we are moving in the right direction on renewables, although we need to go further. We hope that this consultation will lead to an effective fossil fuel policy that removes the existing financial penalty for deploying CCS."
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