Siemens' Capture Technology Selected For Finnish Project
Siemens Energy has been selected as the capture technology for the FINNCAP - Meri-Pori Carbon Capture and Storage (CCS) project by Finnish utilities Fortum and Teollisuuden Voima Oyj (TVO). The CCS demonstration is planned to treat approximately 50% of Meri-Pori's flue gas and to capture 90% of the CO2 from a 565 MW coal-fired power plant located at Pori in Western Finland.
Meri-Pori's CCS demonstration is among the largest post-combustion capture projects in Europe. Fortum and TVO plan to apply for the European Flagship Program with Siemens capture technology combined to a ship transportation and geological storage solution. The selection for the first tranche of the Flagship Program is expected to take place in 2011 with final investment decision in 2011-2012. The plant is schedule to be in operation in 2015.
"The Siemens technology seems especially promising in terms of energy efficiency and emissions control. Meri-Pori CCS plant is one of the key projects in Fortum's CO2-reduction program," said Tapio Kuula, president and CEO of Fortum. Siemens said that the partnership with Fortum and TVO present a great opportunity to bring their amino-acid salt based capture technology to the commercial scale. The development of Siemens' post-combustion capture technology is funded by the German Federal Ministry of Economics and Technology and is part of the COORETEC initiative.
In 2008, revenue from the products and solutions of Siemens environmental portfolio was equivalent to approximately 25% of Siemens total revenue.
For more information: www.siemens.com