Risk too high for non-state carbon capture -Statoil
* Statoil says governments must take lead on carbon capture
* Clear emissions rules a must for industry players to join
* Mongstad CO2 costs seen 10 times higher than market price
By Wojciech Moskwa
MONGSTAD, Norway, May 29 (Reuters) - Industry refuses to invest in carbon capture and storage (CCS) projects without strong state support because of a lack of clarity on future emissions rules, Norway's StatoilHydro (STL.OL: Quote, Profile, Research) said on Friday.
Norway's biggest oil and gas producer StatoilHydro is one of the world's most active companies in CCS, with two field facilities offshore Norway, one in Algeria and an experimental CO2 capture project at its biggest oil refinery, Mongstad.
"CCS has to be part of the climate battle. What is the alternative?" Executive Vice President Jon Arnt Jacobsen told reporters on a visit to Mongstad on Norway's North Sea coast.
"But we don't know what the regulatory environment will be going forward -- that is why nobody (in industry) is doing CCS on their own. Governments have to take the lead to get this going and get a framework to make CCS realistic over time." Continued...
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