Storing CO2 Under The Sea gets U.K. Approval
Posted on July 25, 2012 at 08:37 AM EDT
GALWAY, IRELAND--July 25, 2012 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) The U.K. has taken a major step towards solving a key part of carbon capture and storage (CCS) problem by granting the first licence for the storage of carbon dioxide (CO2) under the seabed. The Crown Estate, which manages the country's seabed, announced that it has issued the agreement for lease (AfL) for the permanent geological storage of carbon dioxide to the Peterhead CCS Project, which is owned by Scottish and Southern Energy plc (OTC:SSEZY) (SSE) (Perth, Scotland).