The funding is being used to support the Carbon Capture and Storage Fund (CCSF) under the Clean Energy Financing Partnership Facility (CEFPF) administered by the Asian Development Bank (ADB). The ADB is working with the UK’s Department of Energy & Climate Change, the Global CCS Institute and partners within the Chinese Government to identify opportunities to accelerate the development and deployment of CCS.
The funding will also support the GreenGen project in Tianjin City of China, which will receive over $10m from the ADB CCSF. The project was launched in 2005 by China’s five largest power companies, two largest coal companies and one investment group, aiming to complete a 400 megawatt power plant before 2020 with over 80% of the CO2 separated and stored. To increase UK collaboration, and in partnership with the ADB, three CCS centres will be set up, two of which will be in China and one in Indonesia.
The UK Government has also been working with Chinese partners in Guangdong to create a CCS roadmap for the province. This joint work has identified storage capacity in deep geological formations offshore in South China Sea as well as a low-cost full-chain Carbon Capture, Use and Storage pilot. Further work is now ongoing to transfer technical experience from UK industries to Guangdong, including establishing a UK-Guangdong CCS Centre that would build research capability, policy capacity and manufacturing excellence in the province.