Plans have been announced for a commercial-scale carbon capture and storage facility based at the Port of Grangemouth, near Edinburgh.
Summit Power Group, a Seattle-based developer of low-carbon electric power projects, is working with the National Grid and Petrofac to secure funding under the UK's Carbon Capture and Storage (CCS) Delivery Competition from the Department of Energy and Climate Change (DECC).
The Caledonia Clean Energy Project will attain 90 per cent carbon capture, which will be transported via a pipeline to St Fergus by the National Grid and then transferred to the North Sea for geological sequestration by Petrofac subsidiary, CO2DeepStore.
The Grangemouth location has been chosen as it is close to the North Sea for both CO2 storage and oil recovery opportunities, and it is also close to existing gas facilities and existing pipelines.
Scotland is currently a hive of activity with Scottish cabinet secretary Alex Neil having recently claimed that there are 36 "shovel ready" projects in Scotland awaiting funding from Westminster to get started.