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EU Says Netherlands Storage Site Is Suitable for Carbon Capture

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Feb. 29 (Bloomberg) -- The European Union said a storage site off the coast of the Netherlands at a depth of more than 3 kilometers (1.9 miles) was suitable for a carbon capture project.

“The opinion confirms the suitability of the chosen storage location for the permanent storage of CO2, as was demonstrated by a detailed characterization and assessment of the storage site and complex,” the European Commission in Brussels said today in a statement on its website.

The project was awarded 180 million euros ($242 million) of funding under the European Energy Programme for Recovery, the EU said.

After more than a decade on the political agenda, no carbon capture plant is operating at a commercial scale. While smaller facilities are demonstrating that so-called CCS technology can work, none is attached to a plant generating more than about 50 megawatts of electricity, which is less than 10 percent of the capacity of the average U.S. nuclear power reactor.

To contact the reporter on this story: Mathew Carr in London at m.carr@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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