Energy / First phase of e-fuel project at Sullom Voe Terminal could cost £300m
A PROJECT to create ‘e-fuels’ at Sullom Voe Terminal (SVT) would need £300 million of investment in its first phase, it has emerged.
Developer Veri Energy is seeking investment for the project, which would produce e-fuels on an industrial scale for domestic use and export to “help reduce emissions across the transport sector worldwide”.
It is a key part of future plans for the terminal in the transition away from fossil fuels.
Described as more environmentally friendly than traditional fuels, e-fuels are produced with the help of electricity from renewable energy sources, water and CO2 from the air.
Veri previously revealed plans to create a 50MW plant powered by “local wind”.
It has been working with a range of partners on the project to date, including Neshion Limited – which is planning a wind farm and battery storage park next to SVT.
Last year news emerged of a memorandum of understanding agreed between Neshion and Veri which is focused on how energy from the park could be used to supply a low carbon fuel plant at SVT.
A listing on an investment website for government agency Scottish Development International confirms that the e-fuels scheme would involve “private-wire” power.
Private wire would mean Neshion would not need to wait for a connection to the electricity grid.
The webpage also says the project is in a fully funded concept design phase.
It adds: “Veri Energy is working in partnership with the Net Zero Technology Centre and energy systems specialists ThinkTank Maths to deliver an investable, scalable power-to-liquid facility that can be replicated across multiple locations in Scotland.
“Veri Energy has already identified and engaged with other sites to extend this concept, creating a pathway for regional growth in clean fuels. Realising the full potential of this opportunity will require significant additional capital investment.”
Also planned at SVT in the future is the facilitation of carbon capture and storage.
Veri said biogenic CO2 from this process could also be used in the production of e-fuels.
When asked for a response to the e-fuel investment topic, a spokesperson for Veri pointed to a previous news release and said more information may be coming in future months.
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