InfraStrata plc (AIM:INFA), the independent gas storage and petroleum exploration company, is pleased to announce that its wholly owned subsidiary, Portland Gas Storage Limited ("PGSL"), has submitted an application in a competition of the Department of Energy and Climate Change ("DECC"). DECC is to invest up to £20 million in the development and demonstration of technologies and feasibility studies associated with carbon capture and storage ("CCS"). The competition forms part of DECC's £125 million R&D and Innovation Programme for 2011-15. The results of the competition will be known at the end of August 2012.
Commenting on the application, Andrew Hindle, CEO of InfraStrata plc said:
"PGSL has been reviewing the potential for adding a CCS element to the Portland Project.
If successful the R&D project would include the drilling of a new borehole, creation of a mini-cavern and the undertaking of a range of tests. Salt caverns have been used for the past 50 years for the storage on a day-to-day and seasonal basis for a wide range of liquids and gases including natural gas, propylene, ethylene, propane, hydrogen and crude oil. It is anticipated that salt caverns would be suitable for the permanent storage of CO2 to support the decarbonisation of energy production in the UK."
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