Norwegian Equinor company along with British SSE company plan to establish a new gas-fired power plant with carbon capture technology at Peterhead in Scotland, Reuters reported.

The new project’s capacity will be 900 megawatt and could capture up to 1.5 million tons of carbon dioxide (CO2) per year, representing 15% of the UK government’s annual target to capture 10 million tonnes of CO2 by 2030.

According to the statement, the CO2 emitted from burning natural gas will be captured and transported to the Acorn CO2 storage which is being developed 100 kilometers off the Scottish North Sea coast.

The two projects will be funded by UK government while the final investment decision of the plant is waiting for developing the necessary business models and associated infrastructure. Operation is expected to start by 2026.