CCS setback as Drax says it will not invest further in White Rose project

James Murray
clock

Energy giant says it will complete feasibility and technology development project, but "drastically different financial and regulatory environment" means it will not fund full deployment

Drax has today announced it will not invest in the planned White Rose carbon capture and storage (CCS) project at its power plant in Yorkshire, after it has completed work on the current feasibility and...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on CCS

CCS: Two major UK carbon capture projects clear final financial hurdles
CCS

CCS: Two major UK carbon capture projects clear final financial hurdles

Construction of CO2 transport and storage infrastructure and gas-fired power plant fitted with CCS now expected to start in summer 2025

Michael Holder
clock 10 December 2024 • 5 min read
Government seeks to include shipping in UK Emissions Trading Scheme
CCS

Government seeks to include shipping in UK Emissions Trading Scheme

UK's Emissions Trading Scheme could be expanded from 2026 to include domestic maritime sector and non-pipeline transport of captured CO2

Michael Holder
clock 29 November 2024 • 3 min read
'Simplicity is key': Behind the scenes at UK direct air capture start-up Mission Zero Technologies
CCS

'Simplicity is key': Behind the scenes at UK direct air capture start-up Mission Zero Technologies

BusinessGreen travels to Sheffield to visit the UK's first commercial direct air carbon capture plant

Cecilia Keating
clock 19 November 2024 • 10 min read