Petrofac in carbon capture plan

The National Grid and Petrofac plan to build a carbon capture and storage (CCS) project in Britain with US partner Summit Power, the companies said yesterday. The consortium will apply for funding from the British government, which is due to relaunch a £1bn tender for CCS projects after a first round of funding failed on cost overruns. The new coal-fired power plant, named Caledonia Clean Energy Project, would be based near Edinburgh.