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GE claims breakthrough in carbon capture

General Electric of the US and Sargas of Norway launched a new technology for capturing carbon dioxide emissions from power plants that they say will be much cheaper than rival processes and commercially viable without any government subsidy. The two companies said that they have formed an alliance to sell gas-fired plants that would capture 90 per cent of their output of carbon dioxide, which can then be injected into oilfields to squeeze out more crude. They expect to be able to supply carbon dioxide at prices that are much lower than the capture costs faced by other prototype projects now under development, and even well below the $30 per tonne paid in the oil industry in Texas. The companies plan for the technology to be used initially in two plants, one on the coast of Norway and one along the Gulf of Mexico.

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