The National Grid is teaming up with London-listed Petrofac and American electric developers Summit Power to seek funding from the UK Government for a new commercial-scale carbon capture and storage project in Scotland. The consortium’s proposed plant would be located at the Port of Grangemouth, west of Edinburgh on the Firth of Forth.
The group claims the plant could operate with more than 90% carbon capture and could also produce hydrogen gas for commercial use. The carbon dioxide captured will be transported through a pipeline to St. Fergus and then moved offshore to be stored under the North Sea.
Summit Power is currently developing a similar project in Texas, which it intends to replicate in the UK.
The UK Government’s £1bn CCS funding competition suffered last year after problems with financing, only for it to now be re-launched. Despite one pilot scheme operating at an SSE plant, many companies have failed to agree on co- operative deals due to the apparent expense of the technology.