|
Synergia Energy Ltd - India-focused developer of natural gas assets - Confirms successful application for CS01 2022 APP25 ’Camelot’ carbon storage licence under North Sea Transition Authority’s first round. Synergia acted as operator but made licence application in partnership with Wintershall Dea AG. Says licence is ‘significant milestone’ for its Medway Hub CCS project, which provides for the capture and transportation of carbon dioxide emissions from coastal combined-cycle gas turbine power stations. CO2 will be transported in liquid form to a floating vessel and injected into UK Continental Shelf depleted gas fields and saline aquifers. First injection is expected in 2032. Synergia’s share of initial work phase is subject to funding. Current stock price: 0.14, up 5.7% on Tuesday 12-month change: down 13% Copyright 2023 Alliance News Ltd. All Rights Reserved.
|
