£31m granted for safe carbon storage off Aberdeenshire: An enterprising new project to supply safe carbon storage capacity off Aberdeenshire, in the North Sea, is being awarded over £31 million of UK Government funding.
Situated in Peterhead, it will help the advancement of Scotland’s Net Zero Infrastructure project, to provide important onshore & offshore engineering studies joining industrial sites throughout Aberdeenshire to Falkirk, and with access to carbon storage in the rock deep under the North Sea.
The programme of new work and reusing infrastructure will give a considerable boost to the low carbon sector in Aberdeenshire, making a foundation for onshore & offshore developments totalling over £3 billion, assisting Scotland in transitioning away from oil and gas.
Business and Energy Secretary Kwasi Kwarteng stated: “Scotland is moving towards a future with renewable energy at its heart. This important project will mean the North Sea has a world-class facility capable of making a real reduction in carbon emissions.
“Our £31 million investment will not only help in the creation of a greener economy in Scotland but it will also lead to the creation of potentially tens of thousands of sustainable jobs and new opportunities for people in Aberdeenshire.”
It is one of the nine greentech projects profiting from a £171 million purse of UK Government funding to lower emissions from industry & part of a larger package of measures, containing an ambitious blueprint to offer the world’s 1st low carbon industrial sector.
UK Government Minister for Scotland, David Duguid, commented: “This crucial funding for onshore and offshore developments in Scotland will boost our NetZero Infrastructure and help build a better, brighter and more environmentally sound future.
“A green recovery plan is vital as we navigate our way out of the pandemic. This plan, part of the North Sea Transition Deal, will not only make Scotland greener and cleaner, it will support the energy transition, creating and securing tens of thousands of jobs by 2050.”
£31m granted for safe carbon storage off Aberdeenshire