The Scottish government has granted nearly £760,000 ($1m) to a planned green hydrogen-based e-fuel project on the Shetland Islands.
Veri Energy will receive the funds for the third development phase of its 50MW green hydrogen-based e-fuel hub at the Sullom Voe oil and gas terminal.
Targeting operations in 2030, the facility could eventually supply hydrogen and e-methanol for a planned sustainable aviation fuels (SAF) plant on the Scottish mainland.
The investment follows the project’s first two phases, which were financed with £2.2m ($2.9m) from Veri and Scotland’s Net Zero Technology Centre (NZTC).
Veri, which intends to scale up production over the next decade, could also establish subsurface carbon storage at the Shetland site to support SAF production.
While details of the Sullom Voe project remain thin, Veri claims the site benefits from “multi-gigawatt” onshore and offshore wind potential and multiple gas pipelines linking to the UK mainland.
H2 View has reached out for information on prospective output capacities of both green hydrogen and e-fuels.
Last year, the company began working with technology suppliers to de-risk production at the project.
Scotland’s Energy Minister, Stephen Gethins, called Sullom Voe crucial to Scottish industry and outlined that a pivot in its activity will present economic opportunities for the country.
“We need an approach to our energy future that sees us manage oil and gas activity while seizing the opportunities that come from increasing the deployment of new technologies and fuel sources,” he added.
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