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Pounds 30bn Bid to Bury Carbon Waste in North Sea - Science - redOrbit

EXCLUSIVE: THE full scale of plans for a world-leading Pounds 30bn scheme to capture two-thirds of the region's CO2 emissions and store them under the North Sea is unveiled today.

Hundreds of jobs would be created by collecting carbon dioxide from power stations and manufacturing plants, liquefying it and piping it into empty gas fields under the North Sea from plants around the Humber estuary to stop the greenhouse gas escaping into the atmosphere.

A partnership led by Yorkshire Forward and involving major energy and industrial companies is bidding for Pounds 1bn from the Government to help set up the scheme, which could reduce the region's emissions from 90 million tonnes to just 30 million - and significantly reduce the UK's total emissions.

The first phase could be operational by 2014, although it could take up to 20 years for the full network to be up and running, connecting about 18 sites including power stations, steel and chemical works in a 40-mile area around the Humber which has the highest concentration of carbon emissions in Europe.

Installing the pipe structure would cost about Pounds 2bn, although the entire scheme - including all the infrastructure, pollution control and carbon capture technology - will reach Pounds 30bn. As well as the Government funding, Yorkshire Forward would contribute, energy and industrial partners would invest in carbon capture technology and private sector investors would be sought.