Veri Energy Unveils Carbon Capture Plans for Sullom Voe Terminal in the Shetland Islands
Veri Energy, alongside Evero and Encyclis, presented carbon capture projects in a webinar hosted by Carbon Capture Journal. Veri Energy plans to transform the Sullom Voe Terminal in the Shetland Islands into a carbon storage and renewable energy hub, leveraging existing infrastructure and workforce. The company has secured four carbon storage licenses with a capacity exceeding 500 million tonnes and aims for up to 10 million tonnes per year by 2033. Challenges remain due to funding constraints from the UK government.
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Veri Energy is leading a project to repurpose the Sullom Voe Terminal in the Shetland Islands for carbon capture and renewable energy. The terminal, once Europe's largest crude oil terminal, has secured four carbon storage licenses with a total capacity exceeding 500 million tonnes.
The company aims to achieve up to 10 million tonnes per year of storage capacity, with the Thistle field expected to be operational by 2033. Development will progress in phases, with final investment decisions anticipated around 2030.
Challenges include limited UK government funding until 2027, impacting financial momentum for projects. Veri Energy is also advancing e-fuels into pre-FEED.
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