CCS project proposals
CCS Commercialisation Programme
On the 25th November 2015, the Government made the following announcement to the London Stock Exchange:
"Today, following the Chancellor's Autumn Statement, HM Government confirms that the £1 billion ring-fenced capital budget for the Carbon Capture and Storage (CCS) Competition is no longer available.
This decision means that the CCS Competition cannot proceed on its current basis. We will engage closely with the bidders on the implications of this decision for them."
View the announcement.
The two projects that had been selected as preferred bidders (the Shell Peterhead project and the Capture Power White Rose project), have both stated that they do not see a way in which they can now proceed.