U.K., Shell to proceed with world's first industrial carbon capture project

The British government signs a landmark agreement with Royal Dutch Shell (RDS.A, RDS.B) to move ahead on the world’s first industrial-sized carbon capture project.

The Peterhead Carbon Capture and Storage, or CCS, project in Scotland is designed to capture up to 10M tons of carbon dioxide over the next 10 years from an existing gas power station owned by British generation company SSE.

The design phase of the project is schedule to be completed in 2015, when both Shell and the U.K. government will make final investment decisions; if they decide to go ahead, Shell says the project would be running by the end of the decade.

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Comments (8)
  • SoldHigh
    , contributor
    Comments (991) | Send Message
    What an amazing waste of talent, capital and resources. This will have ZERO impact on the environment.


    During just one eruption, ONE volcano can spew more carbon into the air than man has his entire time on the planet.
    24 Feb 2014, 05:45 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
    Maybe they can sell it to KO as that stock has been tanking too.


    Oh, nevermind, they're taxing soda too.
    24 Feb 2014, 06:37 PM Reply Like
  • owh
    , contributor
    Comments (16) | Send Message
    (a) This is a non-sequitur, and moreover, (b) the volcano emissions statement is flat-out untrue.






    This seems like a huge amount of CO2, but a visit to the U.S. Department of Energy's Carbon Dioxide Information Analysis Center (CDIAC) website (http://cdiac.ornl.gov) helps anyone armed with a handheld calculator and a high school chemistry text put the volcanic CO2 tally into perspective. Because while 200 million tonnes of CO2 is large, the global fossil fuel CO2 emissions for 2003 tipped the scales at 26.8 billion tonnes. Thus, not only does volcanic CO2 not dwarf that of human activity, it actually comprises less than 1 percent of that value.
    25 Feb 2014, 04:24 AM Reply Like
  • john001
    , contributor
    Comments (1214) | Send Message
    Soldhigh...sssssh, not so loud.


    This is not RDS's first "industrial-sized carbon capture project", and certainly not the world's first. In 2010 they ripped the Alberta taxpayers for millions of dollars on their Quest CCS project. It appears that governments love these green-washing ventures.
    24 Feb 2014, 06:24 PM Reply Like
  • 1980XLS
    , contributor
    Comments (3360) | Send Message
    Just "Hope & Change," spreading the wealth, while we delay Keystone.
    24 Feb 2014, 06:41 PM Reply Like
  • AZ Desert Trader
    , contributor
    Comments (337) | Send Message
    Obama has nothing to do with Nebraska 86ing this project. Get over your O.D.S.
    24 Feb 2014, 09:58 PM Reply Like
  • smurf
    , contributor
    Comments (6272) | Send Message
    You're incorrect. NE has not 86'd the project. That was resolved long ago.
    It's waiting for final approval from the State Department, of which John Kerry is the head, and who demonized this issue when in the Senate.
    24 Feb 2014, 10:44 PM Reply Like
  • 11146471
    , contributor
    Comments (1373) | Send Message
    Very hopeful news, that show both the innovativeness of the British and their respect to the ecosystem
    25 Feb 2014, 02:24 AM Reply Like
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