Energy company Drax has announced it is withdrawing involvement in the £1bn ($1.52bn) White Rose CCS project being introduced as an example of how carbon capture can work in the UK.
Drax was part of a scheme to store CO2 next to its plant in North Yorkshire, which is the biggest coal-fired power station in the United Kingdom.
But the company has halted work, all because the UK’s Government made a decision to reduce subsidies for renewable energy. Due to a lack of profits, Drax stated it had to put the business and shareholders first.
The two year project is being taken forward by the Capture Power partnership – made up of Drax, Alstom and BOC and is looking at the potential to capture up to 90% of carbon emissions from a new coal fired power station and safely store them beneath the North Sea. The project is due to conclude during the next 6-12 months.
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