LONDON | Wed Nov 9, 2011 11:13am EST
(Reuters) – Oil and gas major Shell stepped up its involvement in carbon capture and storage (CCS) technology on Wednesday by formalizing its partnership with Britain’s SSE to install CCS technology at one of the utility’s Scottish gas-fired power plants.
The two companies signed a joint development agreement for the Peterhead CCS project on Wednesday, three weeks after the British government scrapped plans to fund a CCS project at Scottish Power’s Longannet coal-fired plant.