A Crocketford-based firm is set to play a leading role in capturing and storing carbon dioxide in a depleted North Sea oil field.
The Carbon Removers has signed a deal to sequester 50,000 tonnes of CO2 nearly 2km below the seabed as part of Greensand Future.
The EU’s first operational CO2 storage facility aims to mitigate climate change and will be operated by INEOS. It aims to sequester 400,000 tonnes of CO2 each year from the end of 2025.
CEO of The Carbon Removers – formerly Carbon Capture Scotland – Richard Nimmons said: “We believe the North Sea has a huge role to play in helping Europe achieve its Net Zero target. We’re delighted to be the first UK company to partner with Greensand Future operators, who share our ethos of finding practical ways to address emissions today, not in the distant future.”
The deal will help The Carbon Removers scale up its offering of high quality, permanent carbon removal credits, to offer real, practical solutions to decarbonisation targets and accelerate the transition to Net Zero.