The UK government’s carbon-capture program rejected Drax Group Plc’s project, in a heavy blow to the introduction of the nascent technology at its power plant in northern England.
(Bloomberg) — The UK government’s carbon-capture program rejected Drax Group Plc’s project, in a heavy blow to the introduction of the nascent technology at its power plant in northern England.
Drax failed to get so-called Track-1 status for its biomass project with carbon capture and storage, the Department for Energy Security & Net Zero said on Thursday. The company had said it was prepared to invest £2 billion ($2.47 billion) to fit the technology to some of the units at its plant in Yorkshire.
The government’s decision is a major setback for biomass in a nation which badly needs more stable electricity generation. It also puts Drax at a crossroads with the prospect of generous US subsidies drawing its focus and cash across the Atlantic.
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