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Peterhead Carbon Capture and Storage (CCS) project to proceed
Energy Minister welcomes announcement.
Energy Minister Fergus Ewing said:
“We welcome today’s announcement that the Peterhead CCS Project will now proceed to the FEED stage – an outcome we have been campaigning for since the inception of the UK Government’s CCS Commercialisation Competition.”
“Indeed, we have been robust advocates of CCS for over a decade now, recognising the strong comparative advantages that Scotland has in academic expertise, industrial know-how and the unrivalled storage capacity in the North Sea – enough to store at least 50 years of current annual CO2 emissions from the European Union. There is also potential to store captured CO2 in depleted oil fields, further maximising oil production.”
“To secure a wider CCS industry, it is important that the UK Government continues to encourage and incentivise other highly-innovative CCS projects such as the Captain Clean Energy Project.”