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BOC increase their interest in the UK’s carbon capture and storage sector

BOC, the industrial gas specialists, have further increased their interests in CCS, the UK Carbon Capture and Storage sector, by taking a 15% stake in South Yorkshire’s proposed Don Valley Power Project that is costing £4.5bn.

Under the terms of this new agreement BOC, along with the Linde Group, their parent company, will be supplying both the carbon capture technology and the ASU’s, Air Separation Units, for the new CCS plant.

This is to be built in the Humber Gateway at Stainforth by the developers 2Co, but neither firm would be drawn on any of the deals financial details. The follows the teaming up of BOC with Drax and Alstom at the start of the year to further develop the proposed 426MW oxy fired CCS plant to be located at the Drax site in Selby, North Yorks.

This is 2Co’s second significant investment this year for this planned 650MW project, following the 15% stake which Samsung took back in March. Lewis Gillies, the CE of 2Co, has previously said that he envisaged that the Don Valley project would progress with the support of a number of partners, but 2Co was not at liberty to divulge whether they were currently having talks with any other potential investors.

In the statement that the company have just released, Mr Gillies went onto say that the addition to the project of Linde and BOC brought with it expertise in operations and world class engineering to what was listed last month as the world’s 10th most advanced CCS project, and the 2nd in Europe, by the analysts at Bloomberg’s New Energy Finance.

2Co is just one of the 16 companies which are aiming to secure funding from the relaunched government CCS commercialisation competition, which is worth £1bn, and have so far been awarded €180m under the EEPR, European Energy Programme for Recovery. They are also in the running to receive money from NER300, which is an EU fund pot.

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