Swedish state-owned utility Vattenfall AB Monday announced the energy company will stop its plans for a carbon capture and storage demonstration plant in Germany due to lack of political will in the country, abandoning a EUR1.5 billion investment.
Swedish state-owned utility Vattenfall AB Monday announced the energy
company will stop its plans for a carbon capture and storage demonstration
plant in Germany due to lack of political will in the country, abandoning a
EUR1.5 billion investment.
The project, supported by the European Union, was supposed to have been
operational in by 2016, but due to the ongoing impasse in the German CCS law
Vattenfall has decided to halt the project.
"We must unfortunately accept that there is currently insufficient will in
German federal politics to implement the European directive so that a CCS
demonstration project in
Germany
could
be possible," said Tuomo Hatakka, Head of Business Division Production and
Vattenfall's Country Manager for
Germany
.
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