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18 May 2011

Stevenson Hails Report Into Carbon Capture Jobs Potential For Peterhead

Banffshire & Buchan Coast MSP Stewart Stevenson has welcomed research by Scottish Enterprise into the jobs and economic potential that Carbon Capture and Storage (CCS) technology offers Scotland. The results of the study which are set to be announced at the All Energy Conference in Aberdeen suggests that up to 937 jobs could be created during the construction and lifetime of a CCS project at Peterhead Power Station, generating £590 million in GVA during the construction of the project and £130 million per annum during its lifetime.

The research comes after the proposed CCS project at Peterhead Power Station was recently amongst those put forward by the UK Government to potentially share in European funding worth €4.5 billion.

Commenting, Mr Stevenson said:

“This invaluable research shows the potential that Carbon Capture has to create jobs and boost the local economy of Peterhead. Its success is important not just for the region, but for the whole of Scotland.

“Scotland has enormous capacity to store carbon emissions offshore and is ideally placed to be a world leader in this emerging field. Not only is this good news economically, it will also help Scotland to dramatically lower our carbon emissions and make strong progress towards our world leading climate change targets.

“This report shows the scale of the prize that is on offer to Scotland through CCS technology. It is essential that demonstration projects such as the one in Peterhead are supported so that we can grasp that prize and reap the benefits in years to come.”
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