The European Union appears ready to approve Norway’s stately financing of projects for carbon capture and storage, or CCS, the trading bloc’s President Jose Manuel Barroso has said.
A possible EU “veto” of Norwegian state funding for carbon projects was seen as a threat to plans to build large-scale capture plant for 100,000 tonnes of carbon a year at the Mongstad refinery in southwest Norway, where StatoilHydro and partners plan a power station.
The U.K., too, has hoped to provide funding to cover the high risks inherent in starting up a new technology and business segment.
The station will power the Troll A gas platform and the Kollsnes processing plant under contract with the Troll licence. It’ll burn natural gas from Troll and fuel gas supplied by the refinery.
The demand for power at Troll is set to rise as reservoir pressure declines and compressor capacity must be ratcheted up to move gas.
Barroso had visited Norwegian officialdom on Monday, paper Dagsavisen reported.
Scandoil.com has reported extensively on EU-Norway CCS developments.
ws@scandoil.com
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CCS,
StatoilHydro
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