20 March 2013

Stevenson Welcomes Peterhead Selection as CCS Preferred Bidder

Stewart Stevenson, SNP MSP for Banffshire and Buchan Coast, today welcomed the announcement that the Peterhead Project had been selected as one of two preferred bidders for the £1bn Carbon Capture and Storage (CCS) competition.

This funding will support the development of CCS technology, which if implemented at scale, could allow the safe removal and storage of harmful carbon emissions from coal and gas plant.

Peterhead Power Station was selected as a preferred bidder following a period of intensive commercial negotiations with four projects shortlisted from an original eight in October last year.

The UK Government will now undertake discussions with the two preferred bidders to agree terms by the summer for Front End Engineering Design studies, which will last approximately 18 months. A final investment decision will be taken by the Government in early 2015 on the construction of up to two projects.

Commenting on the announcement, Mr Stevenson said

“This is wonderful news for the Peterhead Project, and another step towards establishing green technology as an important industry in Scotland. I congratulate the Peterhead Project on their hard work and effort which has led to this proud day.

“However, In light of the previous UK Government’s abandonment of the earlier Peterhead CCS project and the disappointment over Longannet, Westminster must clearly demonstrate its commitment to supporting commercial development of CCS, especially as the continued commitment from both industry and the Scottish Government is so clear."

Mr Stevenson continued

“In Scotland, we believe in the importance of a diverse and balanced energy portfolio to provide us with secure and affordable heat and electricity for decades to come. To that end, we are working to introduce CCS technology which could play an important role in that goal. 

Scotland is also ideally placed to develop this technology, with massive geological stores, high-value technological expertise and vast experience of working in deep waters offshore. We also have Scottish powers over emissions control and have taken important internationally recognised initiatives to streamline the planning processes for CCS projects.”

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