The two projects selected in detail:

- Peterhead Project in Aberdeenshire, Scotland – a project which involves capturing around 90% of the carbon dioxide from part of the existing gas fired power station at Peterhead before transporting it and storing it in a depleted gas field beneath the North Sea. The project involves Shell and SSE.

- White Rose Project in Yorkshire, England – a project which involves capturing 90% of the carbon dioxide from a new super-efficient coal-fired power station at the Drax site in North Yorkshire, before transporting and storing it in a saline aquifer beneath the southern North Sea. The project involves Alstom, Drax Power, BOC and National Grid.

The two preferred bidders were selected following a period of intensive commercial negotiations with four projects shortlisted from an original eight in October last year.

The Government will now undertake discussions with the two preferred bidders to agree terms by the summer for Front End Engineering Design studies, which will last approximately 18 months. A final investment decision will be taken by the Government in early 2015 on the construction of up to two projects.

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Source: Projects / Policy, Mar  25  2013 (Carbon Capture Journal)