2Co Enlists Foster Wheeler for $7.9 Billion U.K. Capture Plant

2Co Energy Ltd., a British emissions-reduction company, enlisted Foster Wheeler AG to work on its 5 billion-pound ($7.9 billion) carbon-capture and storage project in northern England.

Foster Wheeler Energy Ltd., the Reading, England-based unit of the global engineering group, was appointed project management consultant for the 3 billion-pound power plant at the Don Valley project, 2Co said today in an e-mailed statement.

The planned 650-megawatt project in South Yorkshire will use carbon-capture technology to siphon away about 90 percent of the plant’s emissions for storage underground. The U.K. is touting the technology to meet emissions-cutting targets and says it will make 1 billion pounds in funding available in a contest for new projects.

The power plant near the Hatfield coal mine with carbon-capture technology will cost 3 billion pounds. The balance of the 5 billion-pound total investment will cover the pipeline transporting the carbon-dioxide emissions for injection underground, work offshore and additional enhanced oil recovery, according to 2Co. Work at the plant may begin in 2013, and operations in 2016, according to the statement.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE