EU's European Economy Recovery Plan
Brief description:
The European Economic Recovery Plan was proposed by the Commision in November 2008 and endorsed by the European Council in December. An important part of the plan is aimed at aiding economic recovery by granting Community financial assistance to projects in the field of energy. These projects will make a clear contribution to the objectives of security of energy supply and reducing greenhouse gas emissions. A financial envelope of € 3.5 billion is foreseen in the following 3 areas: gas and electricity interconnection, the next generation of offshore wind technology and Carbon Capture and Storage. EEPR CCS PROJECTS: Porto-Tolle Rotterdam Belchatow Compostilla Hatfield
According to the Commission, CCS will achieve sustainable power generation from fossil fuels. It is an essential component of the global drive to halve greenhouse gas emissions by 2050 and should allow Europe to take full advantage of its indigenous resources of coal, oil and gas.
The Strategic Energy Technology Plan for Europe envisages in particular the commercial use of technologies for CO2 capture, transport and storage through demonstration at industrial scale.
A total of €1 billion is set aside to support five projects related to CCS . They each need a 250 millions investment to ensure their launch. All the projects are at an advanced state of readiness so as to ensure the beneficial effects of the investment as soon as possible.
The proposal would support projects, both for gas and electricity. These projects will represent a mix of technologies, geological conditions and Member States.
Jaenschwalde
Demonstration of the Oxyfuel and the post combustion technology on an existing power plant site. Two storage and transport options are analysed.
Installation of CCS technology on a new 660MW coal power plant. The capture part will treat flue gases corresponding to 250 MW electrical output. Storage in an offshore saline aquifer nearby.
Demonstration of the full chain of CCS on a capacity of 250MW equivalent using post-combustion technology. Storage of CO2 in a depleted offshore gas field near the plant. The project is part of the Rotterdam Climate initiative that aims at developing a CO 2 transport and storage infrastructure for the region.
Demonstration of the entire CCS chain on flue gases corresponding to 250MW electrical output in a new supercritical unit of largest lignite-fired plant in Europe. Three different saline aquifer storage sites will be explored nearby.
Demonstration of the full CCS chain using Oxyfuel and fluidised bed technology on a 30MW pilot plant which to be upscaled by December 2015 to a demonstration plant of more than 320 MW. Storage in a saline aquifer nearby.
Demonstration of CCS on a new, 900 MW IGCC power plant. Storage in an offshore gas field nearby. The project is part of the Yorkshire Forward initiative that aims at developing a CO 2 transport and storage infrastructure for the region.
Maasvlakte
This 50:50 joint venture by E.ON Benelux and Electrabel – part of GdF
Suez – plans to build and operate a CCS demonstration plant on the
Maasvlakte in Rotterdam, at an existing E.ON-operated coal-fired power
plant with a capacity of 1,100MW.
