Plans to create a £1bn carbon removal company in the South of Scotland have been backed by the region’s economic and community development agency.

The £1m early investment by South of Scotland Enterprise (SOSE) in carbon capture facility The Carbon Removers aims to unlock a wider investment round and ultimately lead to the South of Scotland business generating an annual revenue of £1bn by 2034/35.

Headquartered near Dumfries, The Carbon Removers actively capture carbon dioxide from biogas and the whisky industry and are now expanding into Europe. The Carbon Removers plans on removing one million tonnes per year by 2030 by expanding carbon sequestering projects.

Deputy First Minister Kate Forbes said: “Carbon capture and storage is of the utmost importance to Scotland’s climate and economic transition to net-zero, without it we couldn’t reduce emissions from the hardest to abate sectors including chemicals, cement and certain aspects of power generation. CCS uses many of the same skills as the oil and gas industry and will continue skilled employment across the supply chain.”

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