FINNCAP-Meri Pori CCS
The FINNCAP-Meri Pori CCS Project was a proposal by the Finnish power generation companies Fortum and Teollisuuden Voima (TVO) to jointly develop a carbon capture and storage solution for the Meri-Pori power plant by 2015.
The project, which had planned to capture and store more than 1.2 million tonnes of CO2 a year, had hoped to be one of the European Commission's 12 large-scale CCS demonstration projects up and running by 2015. Unfortunately, in October 2010 Fortum announced that the project had been abandoned due to company strategy and the outcome of various studies. TVO had already withdrawn from the project earlier that year.
The joint venture planned to retrofit post-combustion technology supplied by Siemens Energy, to treat 50% of the plant's flue gases at full capacity. with a target capture rate exceeding 90%.
Fortum has been testing CO2 capture at its Värtan CHP power plant in Stockholm, Sweden since 2007. The company hoped to continue with CCS technology development.
FINNCAP had been investigating transporting compressed CO2 via ships, and in December 2009 it had contracted Maersk Oil to investigate the possibility of storing CO2 in mature oil and gas fields in the Danish North Sea, as well using the gas for enhanced oil recovery operations.
The company cited "technological and financial risks related to the project" as contributing to its decision to cancel the €500 million venture. Even with funding from the EU’s CCS demonstration programme, it would have required additional government and private funding.
Start-up had been planned for 2015. The project is now cancelled.
Other Sources and Press Release:
- Risto Andsten, (Fortum, Vice President, Strategic Investments)