Latest news with #carbon capture
BBC News
6 days ago
- Business
- BBC News
New carbon capturing power station in Flintshire could create jobs
A new power station which could capture its carbon emissions would create hundreds of jobs, the UK government had said. Connah's Quay Power Station in Flintshire has been identified as a priority to join Hynet, a cluster of industries in north Wales and England aiming to capture vast amounts of carbon and store it in depleted gas fields under the sea Secretary Jo Stevens described it as "another significant moment for the growing clean energy industry in Wales".But Dr Jennifer Baxter, of Industry Wales, said projects to help deliver net-zero carbon emissions in Wales often felt "like they're taking much longer than we might like them to". Power has been produced at Connah's Quay since the 1950s. The UK government is now negotiating to include the site in the Hynet to funding being in place and consent being granted, the existing gas power station would be replaced by a new – also gas-powered facility – capable of capturing up to 95% of its carbon site's owners, Uniper, claimed the project would create an average of about 600 full-time construction jobs, with 60 skilled staff being employed after Lockett, the UK chairman of Uniper, said north Wales and the Hynet region "has massive potential to be a leader, not only in the UK but potentially a world leader for decarbonisation".Jenifer Baxter, chief executive of Industry Wales, said it was a challenge to deliver net zero "as quickly as we might like to, due to complexities to our regulatory framework". If approved, it is thought construction could start from 2027 onwards, with phase one of the new power station possibly being operational by 2030.
Zawya
30-07-2025
- Business
- Zawya
Egypt: Badawi discusses boosting oil, gas cooperation with Energean
Arab Finance: Minister of Petroleum and Mineral Resources Karim Badawi explored ways to enhance cooperation in the oil and gas sector with Greek company Energean, according to a statement. In his meeting with Mathios Rigas, CEO of Energean, Badawi discussed expanding the implementation of carbon capture and storage technologies, highlighting the Egyptian-Greek consensus on adopting environmental sustainability solutions and reducing carbon emissions. Badawi emphasized that Egyptian-Greek relations are witnessing growing strategic cooperation, especially in the energy sector. He added that the state managed to overcome major challenges in the energy sector despite geopolitical circumstances by increasing research and exploration activities and applying several incentives to encourage international companies to increase investments. Moreover, Egypt paid great attention to developing the gas sector's infrastructure by diversifying energy sources and securing floating storage and regasification units (FSRUs) to meet the needs of the local market and different economic sectors. For his part, Rigas hailed Egypt's political and economic stability, which positions it as a strategic and attractive country for investment in the energy sector. He also expressed his pleasure with the existing cooperation in the company's natural gas production concession areas in the Mediterranean. The CEO affirmed Energean's interest in expanding partnerships with Egypt, particularly in carbon capture and storage projects, as well as in fertilizer production. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Bloomberg
17-07-2025
- Business
- Bloomberg
Eni Deal With BlackRock's GIP Said to Value Carbon Unit at €1 Billion
Eni SpA 's deal to sell half of its carbon capture and storage unit to BlackRock Inc. 's Global Infrastructure Partners will likely value the business at around €1 billion ($1.2 billion), according to people familiar with the matter. The Italian energy giant and GIP, which agreed in May to hold exclusive talks for a 49.99% stake in Eni's CCUS Holding, aim to close the deal by the end of summer, the people said, asking not to be named because they're not authorized to comment publicly. The negotiations are ongoing, the valuation could still change and a final decision hasn't been made, they said.
Zawya
30-05-2025
- Business
- Zawya
GE Vernova's H-Class gas turbines to expand Qurayyah power plant
GE Vernova has announced it has secured an order for five 7H-Class gas turbines - three 7HA.03 and two 7HA.02 units – from Técnicas Reunidas and Orascom Construction (TR & Orascom Construction). The two companies have signed, under a 50-50 joint venture, the engineering, procurement and construction (EPC) contract for Qurayyah Independent Power Plant (IPP) Expansion Project in the Eastern Province in Saudi Arabia. This expansion project, a 3 gigawatt (GW) combined cycle gas-fired power plant with readiness to build a carbon capture unit, aims to bolster electricity production capacity and enhance operational efficiency in Saudi Arabia. Expanding Saudi Arabia's fleet of combined cycle power plants plays a crucial role in Saudi Arabia's plan to generate half of its electricity from gas by 2030 and half from renewables, paving the way to net-zero greenhouse gas (GHG) emissions by 2060, a statement said. Hajr Two Electricity Co, a company owned by ACWA Power, the Saudi Electricity Company (SEC), and Haji Abdullah Alireza & Co signed a Power Purchase Agreement (PPA) for the Qurayyah Independent Power Plant (IPP) Expansion Project with the Saudi Power Procurement Company (SPPC – Principal Buyer) in February 2025. Hajr Two Electricity Co commented: 'The QIPP Expansion Project is a very ambitious project and we are proud to support its development. We look forward to working with TR & Orascom Construction and GE Vernova to contribute to Saudi Arabia's enhancement of its electricity supply as the Kingdom transitions its power generation mix to incorporate more renewable energy in alignment with Saudi Vision 2030 and its ambitious sustainability targets.' 'QIPP project is evidence of Saudi Arabia's strong belief in the future of gas as it emits less CO2 and other pollutants than oil-fueled power plants,' said Joseph Anis, President & CEO of GE Vernova's Gas Power business in Europe, Middle East & Africa. 'We have developed a productive and successful relationship with TR & Orascom Construction building on our proven expertise in natural gas combined cycle plant engineering, operability, and plant integration, and we are delighted to deploy some of our most advanced power generation technologies, with the potential to integrate carbon capture solutions to help significantly reduce carbon dioxide emissions in QIPP's and other gas power plants in Saudi Arabia.' GE Vernova has been playing a pivotal role in fostering the evolution of the Kingdom's energy infrastructure for almost 90 years, supporting economic diversification, localization, high value exports, and talent development efforts and still does so today in support of Saudi Vision 2030. The company currently employs approximately 850 people in Saudi Arabia. GE Vernova's investments in the Kingdom include the Khobar Integration Facility (KIF) for grid solutions, as well as the GE Manufacturing and Technology Center (GEMTEC) campus in Dammam, which encompasses a Services and Repairs Center for gas turbines, the GE Saudi Advanced Turbines (GESAT) facility for the manufacturing of gas turbines, components and accessory modules, the GE MENA Decarbonization Center of Excellence, and a Monitoring & Diagnostics Center for the remote monitoring of power generation assets. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
29-05-2025
- Business
- Trade Arabia
GE Vernova's H-Class gas turbines to expand Qurayyah power plant
GE Vernova has announced it has secured an order for five 7H-Class gas turbines - three 7HA.03 and two 7HA.02 units – from Técnicas Reunidas and Orascom Construction (TR & Orascom Construction). The two companies have signed, under a 50-50 joint venture, the engineering, procurement and construction (EPC) contract for Qurayyah Independent Power Plant (IPP) Expansion Project in the Eastern Province in Saudi Arabia. This expansion project, a 3 gigawatt (GW) combined cycle gas-fired power plant with readiness to build a carbon capture unit, aims to bolster electricity production capacity and enhance operational efficiency in Saudi Arabia. Expanding Saudi Arabia's fleet of combined cycle power plants plays a crucial role in Saudi Arabia's plan to generate half of its electricity from gas by 2030 and half from renewables, paving the way to net-zero greenhouse gas (GHG) emissions by 2060, a statement said. Hajr Two Electricity Co, a company owned by ACWA Power, the Saudi Electricity Company (SEC), and Haji Abdullah Alireza & Co signed a Power Purchase Agreement (PPA) for the Qurayyah Independent Power Plant (IPP) Expansion Project with the Saudi Power Procurement Company (SPPC – Principal Buyer) in February 2025. Hajr Two Electricity Co commented: 'The QIPP Expansion Project is a very ambitious project and we are proud to support its development. We look forward to working with TR & Orascom Construction and GE Vernova to contribute to Saudi Arabia's enhancement of its electricity supply as the Kingdom transitions its power generation mix to incorporate more renewable energy in alignment with Saudi Vision 2030 and its ambitious sustainability targets.' 'QIPP project is evidence of Saudi Arabia's strong belief in the future of gas as it emits less CO2 and other pollutants than oil-fueled power plants,' said Joseph Anis, President & CEO of GE Vernova's Gas Power business in Europe, Middle East & Africa. 'We have developed a productive and successful relationship with TR & Orascom Construction building on our proven expertise in natural gas combined cycle plant engineering, operability, and plant integration, and we are delighted to deploy some of our most advanced power generation technologies, with the potential to integrate carbon capture solutions to help significantly reduce carbon dioxide emissions in QIPP's and other gas power plants in Saudi Arabia.' GE Vernova has been playing a pivotal role in fostering the evolution of the Kingdom's energy infrastructure for almost 90 years, supporting economic diversification, localization, high value exports, and talent development efforts and still does so today in support of Saudi Vision 2030. The company currently employs approximately 850 people in Saudi Arabia. GE Vernova's investments in the Kingdom include the Khobar Integration Facility (KIF) for grid solutions, as well as the GE Manufacturing and Technology Center (GEMTEC) campus in Dammam, which encompasses a Services and Repairs Center for gas turbines, the GE Saudi Advanced Turbines (GESAT) facility for the manufacturing of gas turbines, components and accessory modules, the GE MENA Decarbonization Center of Excellence, and a Monitoring & Diagnostics Center for the remote monitoring of power generation assets. – TradeArabia News Service
