Alistair Buchanan, the former chief executive of energy regulator Ofgem, has been appointed chairman of Storrega Geotechnologies.
The company is currently leading work on a pioneering carbon capture and storage (CCS) project in Scotland which is as a key part of the Government’s efforts to help tackle the threat of global warming.
Storrega recently won backing from Singapore sovereign wealth fund GIC and Japanese industrial giant Mitsui.
Its Acorn project will see carbon dioxide emissions from across Scotland stored in a depleted North Sea reservoir, and the production of hydrogen fuel at a related facility.
Emissions would be shipped offshore via the St Fergus terminal in Aberdeenshire.
The firm’s investors hope the Acorn project will help develop a model that could be rolled out around the world.
For more information visit www.storegga.earth
