From: Financial Times
Pilita Clark in London
A technology at the heart of efforts to avoid global warming will struggle to be economically viable in many places, the company spearheading its use in the power industry has revealed.
SaskPower, a Canadian utility, last month became the first company to launch a commercial-scale carbon capture and storage system on a coal power plant, at its Boundary Dam site in the province of Saskatchewan.
But the high capital costs of carbon capture systems – and the electricity they cannibalise from power plants – have thwarted years of effort to bring the process into widespread use.