"I think it's a great tragedy," he says. "From everything I've seen, Hatfield would be the best CCS project in the UK, with the lowest cost for storing CO 2 . To see it collapse now is very disappointing.". Lewis Gillies, chief executive of 2CO Energy, would not confirm he had been in talks with Powerfuel before administrators were called in, but says: "We are interested in taking over the project and have been working to form a consortium of players.