BOC buys stake in 2Co Energy’s carbon capture project in UK
Germany-based gases and engineering company BOC Group has agreed to take a 15% stake in the development of the 2Co Energy’s Don Valley CCS Power Project in South Yorkshire, UK.
As per the deal, BOC and its parent company Linde will deliver the carbon capture technology and air separation units (ASUs) for the CCS plant to be developed at Stainforth in the Humber Gateway and is estimated to cost $4.67bn.
Initially, BOC will work with 2Co Energy's other contractors to complete the project's revised front end engineering and design (FEED) study.
Linde Engineering will construct the twin ASUs which will produce the oxygen required for the coal gasification process, and the carbon capture process will use Linde's Rectisol technology.
2Co Energy chief executive Lewis Gillies said, "The Humber Gateway is the best location in the world to kick-start a global carbon capture industry and BOC's involvement further underpins the financial and technical integrity of the UK's leading CCS project following Samsung's landmark investment earlier this year."
BOC managing director Mike Huggon said, "Moving quickly to full commercial-scale carbon capture will
be vital for the UK - not only in meeting our own carbon reduction targets, but also for demonstrating the UK's global leadership in developing and using these critical technologies."
The 650MW Don Valley Power project aims to anchor additional CCS projects in the Humber Gateway region.
Samsung C&T agreed to hold a 15% equity stake in the power project earlier this year.