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Drax to use Mitsubishi's carbon capture tech


Drax to use Mitsubishi s carbon capture tech
Jun 14, 2021 6:50:am
Summary
The UK will license MHI’s carbon capture solvent, KS-21, to capture CO2 at its power station near Selby, North Yorkshire.
by: Shardul Sharma
Posted in:
Drax to use Mitsubishi s carbon capture tech
UK generator Drax has signed a contract with Japan s Mitsubishi Heavy Industries (MHI) to use its carbon capture technology, the companies said on June 10.
The contract will see Drax license MHI’s carbon capture solvent, KS-21, to capture CO2 at its power station near Selby, North Yorkshire. Drax has already created the largest decarbonisation project in Europe, having converted its power station to use sustainable biomass instead of coal, reducing its emissions by more than 85%, the companies said. By deploying bioenergy with carbon capture and storage (BECCS) technology, Drax aims at becoming carbon negative by 2030. ....

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UK SSE plans sale of transmission business


(Updates with comment on gas storage business in 5th para.)
UK utility SSE plans to dispose of some non-core assets put the money into low carbon activities, the Scotland-based company said May 26. It reported an 1% increase in adjusted operating profit to £1.506bn ($1.2bn) despite a coronavirus impact of an estimated £170mn,
The announced sale  of its stake in Scotia Gas Networks would help SSE exceed the £2bn disposals target on completion, up from the £1.5bn so far. It is a financial investment for SSE, run largely independently and the synergies with the group’s low-carbon electricity businesses are less clear, it said. ....

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Bipartisan US bill proposes tax credits for carbon storage


Bipartisan US bill proposes tax credits for carbon storage
May 27, 2021 1:25:pm
Summary
by: Daniel Graeber
Posted in:
Bipartisan US bill proposes tax credits for carbon storage
A bipartisan measure drafted by US legislators fills the gap in tax legislation for credits on carbon capture, representatives said May 25.
“This is a pivotal time in this country to address the existential climate crisis, and we must take an active role in meeting the moment,” Tim Ryan, a Democratic member of the House of Representatives for Ohio, said. “That means leveraging the might of the US government and the ingenuity and strength of American businesses to meaningfully lower US emissions.” ....

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