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Contents GreenPrices Business Edition 53
24 May 2007

UK mobilises all stakeholders to meet the Energy Challenge

UK reforms legislation Renewables Obligation

WWF: Next 5 years crucial for planet Earth

Academies urge G8 to take action on climate

Carbon Trust: Countries are protecting carbon intensive investments

'Good starting point EU in bioenergy'

UK considers harvesting tidal power

Oceans absorb less CO2 than expected

In Brief: EU car makers need more time

In Brief: G8 skirmish: Bush against the world

In Brief: Coal firm invests in CCS power plant

In Brief: Final kick off Belgian off shore wind farm

In Brief: US Democrats urge Bush not to thwart climate draft

Editorial: The Big White Book

Agenda

Coal firm invests in CCS power plant  
22 May 2007 – Australian mining giant Rio Tinto together with BP last Monday announced plans to invest 1 billion Euros in a coal fired power plant with carbon capture and storage. It could come online by 2014. 

The 500 MW plant should be built at Kiwana, 45 kilometres south of Perth in Australia. More than 90% of the CO2 emitted should be captured and stored in an offshore geological formation. If the feasibility study is positive, a final investment decision is likely by 2011. The plant could come online three years later.

Next to reducing CO2 emissions – Australia hasn’t signed up to the Kyoto Protocol – the CCS plant has another important goal, as the Australian Prime Minister John Howard said: “Projects such as this are crucial to the future of Australia’s important coal industry.”

More information:

Press release on Rio Tinto site

Website Rio Tinto Australia (“We’re focussed on the environment”)

 
Source: GP Newsdesk

             
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