The UK Government has announced a new 拢30m funded initiative 鈥� (SNZI) 鈥� as part of Innovate and alongside a number of other regional cluster investments. The programme has matched industry funding and links to the (CCS) project. SNZI will bring together academic and industrial partners, including the 吃瓜tv鈥檚 Centre for Energy Policy (CEP), to develop a major package of work designed to progress a national low carbon infrastructure to support the transition of the Scottish and wider UK economies to net zero targets.
This important programme will be led by (a Storegga Group company and the lead project developer of the Acorn Project alongside Shell and Chrysaor), and will provide a significant boost to Scotland鈥檚 fast-growing low carbon credentials, paving the way for onshore and offshore developments totalling in excess of 拢3 billion.
As the academic partner, CEP will lead work around understanding the longer-term economic impacts, including important job preservation and creation opportunities, as Scotland transitions away from oil and gas to low carbon fuels like hydrogen, with particular focus on the role of carbon capture and storage (CCS) as both a large scale CO2 removal technology and a new industry opportunity.
Professor Karen Turner, Director, Centre for Energy Policy said:
鈥淓stablishing a domestic CO2 management industry in Scotland could set important foundations for greener GDP generation, offsetting costs associated with industry decarbonisation, and sustaining existing and creating new jobs in the transitioning economy. An industry built around CCS in Scotland also brings potential for further growth through exporting CO2 transport and storage services.
鈥淗owever, realising this opportunity will involve responding to a range of associated economic and societal opportunities and challenges, including building understanding of the wider economy consequences of deploying CCS at scale. 鈥�
鈥淭he Centre for Energy Policy has a solid track record of collaborating with industry and government partners to generate this type of critical evidence and analysis across various aspects of the net zero economy. We are looking forward to bringing this expertise to the SNZI programme and working with partners to ensure the project contributes to net sustained benefits at local, regional and national levels and accelerates progress towards mid-century Net Zero targets.鈥�
Other partners on the project include:
- SSE Thermal: Developing a comprehensive decarbonisation programme for Peterhead Power Station
- : Exploring the potential repurposing of onshore gas pipelines to transport CO2
- : Supporting offshore pipeline and sub-surface activities to develop the Acorn CCS project
- : Undertaking an engineering design programme for carbon capture technology on a gas power station at Grangemouth
- : Providing a key link to other work in Scotland, including the ISCF Cluster Plan and Scotland鈥檚 Net Zero Roadmap (SNZR).
The SNZI initiative compliments work that is already underway on Scotland鈥檚 Net Zero Roadmap project, where CEP is also contributing to the public policy understanding.