Alstom, Drax Enlist BOC Group for Carbon-Capture Project in England - Bloomberg

Alstom SA (ALO) and Drax Group Plc enlisted BOC Group Plc, a U.K. gas manufacturer, to help develop a carbon-capture and storage project in northern England.BOC Group, based in Guildford, will work on the 426- megawatt plant to trap and store power-generation emissions under development at Drax’s site in North Yorkshire, the companies said today in joint e-mailed statement. BOC, a unit of Munich-based Linde AG (LIN), will contribute its air-separation technology as well as plant engineering, according to the statement. The project’s developers plan to apply for funding from a U.K. government contest to finance plants demonstrating so- called carbon-capture and storage technology, according to the statement. The plant already applied to receive funds under the NER 300 program devised by the European Commission to assist renewable technologies and carbon capture, the companies said in the statement.

Natural Gas Leads Advance in Raw Materials: Commodities at Close - Bloomberg

NATURAL GAS

Natural gas, the worst-performing commodity this year, rebounded from a 10-year low in New York after Chesapeake Energy Corp., the second-largest U.S. producer, said it will cut production and reduce spending. Natural gas for February delivery rose 9.1 cents, or 3.9 percent, to $2.434 per million British thermal units on the New York Mercantile Exchange. The futures have declined 19 percent this year and fell to the lowest price since February 2002 before the Chesapeake announcement. U.K. natural gas: NI NUKMKT Gas market: NI GASMARKET Americas natural gas: NI AGASMARKET European natural gas: NI EGASMARKET