There must be money in government subsidies

BOC buys stake in UK carbon capture project

German special gases provider BOC has bought a 15 percent stake in 2CO Energy’s Don Valley carbon capture and storage (CCS) project in Britain, the plant developer said on Wednesday.

BOC will work with existing contractors to finalise the project’s Front End Engineering and Design study, while BOC’s parent company, Linde, will supply air separation units and the technology to capture carbon.

Britain sees CCS as a key technology to reduce carbon emissions from the power generation sector and is supporting the development of the technology through a 1 billion-pound competition, which the Don valley project is participating in.

Reuters

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