Our CEO Gavin Templeton was interviewed by Hans Marter, Managing Editor of the Shetland News Online to discuss our work developing a suite of energy transition projects at the Sullom Voe Terminal, creating new opportunity and investment at the terminal.
Gavin sees Shetland as an ideal location due to the existing infrastructure and skilled workforce, emphasising the shift from a fossil fuel economy to one powered by renewables can be part of a growth agenda, and support a just transition for the Shetland Islands. Key projects include carbon storage, e-fuel production, and onshore wind, with a goal to start CO2 injections into the Thistle oil field by the end of the decade. The company is collaborating with partners across the UK to ship and store industrial emissions under the North Sea.
“I have aspirations to make this a world-leading site for industrial decarbonisation. We have a real chance to put that into practice – there is nothing to suggest that there is an end to Sullom Voe Terminal.”
- Gavin Templeton, CEO Veri Energy
Templeton acknowledges the challenges of energy transition but remains confident that Veri Energy can achieve its ambitious goals without additional government funding. Plans include installing wind turbines by 2028 and connecting Sullom Voe to the electricity grid as the existing gas-fired power plant is decommissioned. The long-term vision includes injecting up to 10 million tonnes of CO2 annually into disused oil reservoirs, positioning Sullom Voe as a global leader in industrial decarbonisation. Despite geopolitical uncertainties, Templeton believes market economics will drive the transition, stating that renewable energy is now the cheapest source of energy globally.
For the full article, please visit the Shetland News HERE.
