Sargas awards Tetra Strategy 'carbon capture' brief

A Norwegian firm intending to build a fleet of environmentally friendly power plants has handed Tetra Strategy a global corporate brief.

Technology: Sargas is one of the world's leaders in 'carbon capture'
Technology: Sargas is one of the world's leaders in 'carbon capture'

Sargas is one of the world's leading firms in the field of 'carbon capture' and has charged Tetra with explaining the technology.

Last month, Sargas and US energy giant General Electric announced they had created technology to enable them to sell gas-fired power plants that capture 90 per cent of their output of carbon dioxide.

The power plants capture and store carbon pollution underground, which Sargas claims can provide significantly cheaper and cleaner energy without the need for government subsidies.

The new technology will be used to build a commercial natural gas-fired power plant with carbon capture in Norway by 2016. The Sargas plant in the Fraena region on the north western coast of Norway plans to deliver electric power to the area's offshore oil and gas fields, which supply about 20 per cent of the UK's gas imports.

However, some groups, including Greenpeace, have questioned the commercial viability and environmental benefit of carbon capture plants because of their continued use of fossil fuels. These critics would prefer industry and government research to focus on renewable energy, such as solar, tidal and wind.

Nonetheless, there are a number of carbon capture projects being undertaken across the globe. Sargas and GE are planning similar full-scale projects to the Norwegian power plant in the US, Middle East, Africa and Europe.

Tetra Strategy founding partner Lee Petar said: 'This is cutting-edge technology and Sargas is leading the way in bridging the gap to renewables until new sustainable energy sources are in place.'

Tetra will stress the commercial benefits of the technology and the plants' role in increasing energy security for the UK and other significant economies.

Would you like to post a comment?

Please Sign in or register.

News by email...